Jasper Infotech Threatens Legal Action against GoJavas Parent
Jasper wants legal notice withdrawn ‘within three working days’, says Quickdel’s failure to manage firm cannot render Jasper or Vulcan responsible
New Delhi: Jasper Infotech, which owns and operates online marketplace Snapdeal and logistics venture Vulcan Express, has responded to the claims made by Quickdel Logistics, which owns logistics venture GoJavas, terming them false and extortionary.
The legal notice, sent through Jasper Infotech’s counsel, Shri Singh, and which has been reviewed by ET, was sent to Quickdel Logistics on October 28, and states that the allegations made by the parent entity of GoJavas have been made “with the aim to fraudulently coerce and extort monies from Jasper Infotech”. Jasper Infotech has asked Quickdel to withdraw its legal notice dated October 4 “within three working days, failing which it will take all necessary steps to initiate all available civil and criminal remedies against Quickdel and its senior management”.
“Quickdel’s failure to successfully manage a company cannot render Jasper and or Vulcan or its officials responsible for such mismanagement,” the notice stated.
Quickdel Logistics was purchased by Anand Rai in March earlier this year, after he acquired the 49% stake held by Jasper Infotech in the company, for an undisclosed sum, but a transaction which is widely perceived to be a fire sale. Gurgaonheadquartered Jasper Infotech had invested about .₹ 300 crore in GoJa- vas, and even considered acquiring it, before pulling the plug, and building out its own in-house logistics arm, Vulcan Express. Rai, however, last month, had sent a legal notice to Jasper Infotech, asking for a compensation of .₹ 300 crore, alleg- ing criminal breach of trust and misappropriation of funds, among other charges, by the SoftBank Group-backed online marketplace. Jasper Infotech spokespersons did not respond to queries sent by ET, asking for greater clarifications, at
Anand Rai said he was yet to receive a copy of the notice sent by Jasper Infotech, but said he would not withdraw complaint the time of going to press. Rai said he was yet to receive a copy of the notice sent by Jasper Infotech, but said that he would not withdraw the complaint against Jasper Infotech and others.
“There’s no question of doing that...We have all the proof, and have included all of that in the complaint filed last week,” Rai said. Rai, who has threatened to drag Jasper Infotech and its promoters, Kunal Bahl and Rohit Bansal, to court, had previously said that he was also open to an out-of-court settlement.
“All options are open...We will definitely go (to court). We are not going to settle,” Rai said.
Jasper Infotech’s legal notice also states that Rai and Quickdel Logistics are attempting to deflect atten- tion from the ongoing criminal investigation against the founder directors of Quickdel, which includes Praveen Sinha, a cofounder of Jabong, Abhijeet Singh and Ashish Chaudhary. “The present set of allegations in your notice dated October 4, 2017, is an attempt to deflect the ongoing investigation and reflects the vacillating stand of your client,” it states. The developments come about four months after Jasper Infotech registered an FIR with the Economic Offences Wing of Delhi Police against former senior executives of Quickdel Logistics in June earlier this year. The complaint was registered in the midst of its ongoing talks of being acquired by rival ecommerce firm Flipkart.