TAIT adopts Gandhigiri

Snigdha Karjatkar Mumbai, April 5

Mumbai-based IT reseller association-Trade Association of
Information Technology (TAIT) has decided to try Gandhigiri to deal with
bankruptcy cases.

IT Mall, a leading player in the market recently declared
bankruptcy. TAIT members called a meeting with the partners of IT Mall for
further action to be initiated. "We called the two brothers-Deepak and
Harish Rohira for a discussion with the resellers who had an outstanding due
with IT Mall, to sort out the issue," said Champakraj Gurjar, Official
Spokesperson, TAIT. The total outstanding amount due to resellers is Rs 88 lakh.
This excludes the outstanding amount due to distributors.

"They can either accept legal proceeding or we will give
them one more chance to trade. The idea was to find a solution to repay the
outstanding amounts. If the duo would continue to be active in trade, they can
repay the money every month. This will at least help us in recovering the money.
A part of the amount will be recovered with the deposit they had paid for the
rented office premises," said Gurjar.

"The other half will be paid in monthly installments as and
when they get business. Four TAIT members have been appointed to keep a track

of their monthly transactions and a reviews will be submitted to TAIT,"
said Gurjar.