The group based at the Ricoh Arena, according to its website, had former City MD Paul Fletcher as a major shareholder and is the same company who brought you the Private Seat Licence.
Bastion had been involved in the new stadium for Cardiff City which is due to open next season.
Bastion had been using the one time Ricoh Arena based company Premier Club Seating.
This company which formerly employed former City Reserve team keeper Tynan Scope, was used as a vehicle into the Welsh club.
However, sales of Premier Club seats for the new stadium at Leckwith were rumoured to have been slow and it has been revealed that Bastion,who were commissioning agents, are no longer in charge of sales.