HC passes gag order on Sandeep Aggarwal

The Delhi High Court on Wednesday passed an order disallowing ShopClues Co-founder Sandeep Aggarwal from taking any coercive action against his business partners Radhika Aggarwal and Sanjay Sethi.

Sandeep Aggarwal had filed a first information report (FIR) against the duo on Tuesday, accusing them of misappropriation of funds, forgery, attempts to revoke his voting rights, and undermining his contribution in building ShopClues.

It was the second such FIR Sandeep Aggarwal filed against his fellow co-founders, with an earlier complaint being made to the economic offences wing of the Gurgaon police.

While the court order does not ask for a stay on the investigation by the police into Sandeep Aggarwal’s claims, it read, “No coercive steps to be taken against the petitioner until the next date of hearing.”

Sandeep Aggarwal was arrested by the Federal Bureau of Investigation in July 2013 on insider-trading charges in his previous organisation to which he pleaded guilty to in November 2013. Since his arrest, he began distancing himself from ShopClues and stepped down as its chief executive officer to ensure the firm was not affected by the charges against him.

In March, Aggarwal in a rant on Facebook accused his estranged wife and Sethi of forgery and cheating in an attempt to revoke his voting rights on the ShopClues board.