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Comedy collective AIB on Wednesday updated fans that there will be no new sketches from them anytime soon due to no incoming revenue and operational costs piling up. Tanmay Bhat will no longer be their CEO, and Gursimran Khamba will not be associated with them anymore.

Bhat, it may be recalled, was suspended last October following complaints of not acting against sexual harassment allegations made regarding Utsav Chakraborty.

In a lengthy statement posted on social media, AIB wrote: “With no incoming revenue and operational costs piling up, we had to make some hard and unfortunately permanent decisions.

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All India Bakchod (AIB) Halts Operations; Tanmay Bhat Suspended As CEO, Gursimran Khamba Steps Away

The group, whose videos were a hit among netizens, further said: “If and when we decide to release other content on the channel (for example standup clips), you will be the first to know.”

The statement also delved upon the actions taken against Bhat and Khamba, who were both mired in the #MeToo movement.

Khamba, one of the four key members of the collective, was accused of sexual misconduct by a woman.

AIB said they had an Internal Committee and Anti-Harassment system in place from the start.