Remain Courteous: Delhi HC Tells BharatPe, Former MD Ashneer Grover
1 year, 11 months ago

Remain Courteous: Delhi HC Tells BharatPe, Former MD Ashneer Grover

News 18  

The Delhi High Court on Monday advised payment app BharatPe and its estranged co-founder Ashneer Grover to be courteous to each other even after their falling out. Justice Navin Chawla, while hearing BharatPe’s lawsuit against Grover, its former MD, and his family members to restrain them from making allegedly defamatory statements, blamed social media for “bringing us down to this level” and asked the counsel for the parties to accordingly “advise” their respective clients. While the senior lawyer for the plaintiff company alleged that in spite of the pendency of the case Grover continued to make objectionable statements, the latter’s lawyer said there is “slander and accusation and defamation from both sides” and claimed the other side even leaked information to the media. The court granted time to Grover and other defendants to file their response in the matter and asked the plaintiff to consider creating a “confidentiality club” to allow them access to certain material. The plaintiff earlier claimed before the court that Grover, his wife and other relatives were carrying out a “vicious and vitriolic” campaign against the company which has a large number of foreign investors”.

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History of this topic

Delhi High Court Refers Employment Agreement Dispute Between BharatPe, Ashneer Grover To Arbitration
4 months ago

Delhi High Court Refers Employment Agreement Dispute Between BharatPe, Ashneer Grover To Arbitration

Live Law  

The Delhi High Court on Thursday referred to arbitration the dispute between former Managing Director of BharatPe, Ashneer Grover, and the fintech company concerning an employment agreement entered between them in August 2021. The order was passed in a plea filed by BharatPe seeking the appointment of a sole arbitrator, alleging that Grover disclosed confidential information of the fintech company …

Ashneer Grover, Madhuri Jain asked to give ₹80 crore security to travel to US
7 months ago

Ashneer Grover, Madhuri Jain asked to give ₹80 crore security to travel to US

Hindustan Times  

The Delhi High Court directed BharatPe co-founder Ashneer Grover and his wife Madhuri Jain Grover to furnish a security of ₹80 crore before they travel to the US. Ashneer Grover and his wife Madhuri Jain are seen. The couple has been allowed to go to the US separately for the children’s summer school after the court asked the Economic Offences …

Ashneer Grover, his wife Madhuri Jain can travel abroad but there's a rider, Delhi High Court says
7 months ago

Ashneer Grover, his wife Madhuri Jain can travel abroad but there's a rider, Delhi High Court says

Hindustan Times  

The Delhi High Court permitted former BharatPe MD Ashneer Grover and his wife Madhuri Jain Grover to travel to the US. Ashneer Grover has been given the permission to travel from May 26 to June 12 while Madhuri Jain Grover has been permitted to travel from June 15. Delhi police opposed their plea and submitted that Ashneer Grover and his …

Delhi High Court Permits Former BharatPe MD Ashneer Grover, Wife To Travel Abroad
7 months ago

Delhi High Court Permits Former BharatPe MD Ashneer Grover, Wife To Travel Abroad

Live Law  

The Delhi High Court on Wednesday allowed Former BharatPe Managing Director Ashneer Grover and his wife Madhuri Jain Grover to travel abroad to the United States. Justice Subramonium Prasad allowed Grover to travel to the US from May 26 to June 12 and his wife, Madhuri Jain Grover from June 15, after he returns back. In June last year, a …

Delhi High Court Restrains Ashneer Grover From Making Defamatory Statements Against BharatPe, Orders Him To Take Down Tweets
9 months, 1 week ago

Delhi High Court Restrains Ashneer Grover From Making Defamatory Statements Against BharatPe, Orders Him To Take Down Tweets

Live Law  

The Delhi High Court on Friday restrained the Former Managing Director of BharatPe, Ashneer Grover, from making defamatory and derogatory statements against the fintech company or its office bearers or officials. The court also directed Economics Times to take down its article published recently based on Ashneer Grover's letters written to the RBI Chairman. BharatPe moved a fresh application alleging …

Ashneer Grover directed by court to take down BharatPe ‘petty people’ tweet in 48 hours
9 months, 1 week ago

Ashneer Grover directed by court to take down BharatPe ‘petty people’ tweet in 48 hours

Hindustan Times  

The Delhi High Court directed former managing director of BharatPe Ashneer Grover to take down his tweet against the company within within 48 hours. The court also told Ashneer Grover to delete his tweet in which he called SBI chairman “petty people”. Addressing RBI governor Shaktikanta Das, Ashneer Grover said that BharatPe has deliberately “defrauded” the central bank by bringing …

‘Respect each other’s equity’: Ashneer Grover on HC's order over selling shares
1 year ago

‘Respect each other’s equity’: Ashneer Grover on HC's order over selling shares

Hindustan Times  

BharatPe co-founder Ashneer Grover on Friday welcomed the decision of the Delhi High Court rejecting the plea of another co-founder Shashvat Nakrani to restrain the former from selling or alienating the shares, saying that this order will go a long way in protecting rights of founders in India. BharatPe co-founder Ashneer Grover In a post on X, he said, “I …

HC fines BharatPe co-founder Ashneer Grover ₹2 lakh for defamatory content
1 year ago

HC fines BharatPe co-founder Ashneer Grover ₹2 lakh for defamatory content

Hindustan Times  

The Delhi high court on Tuesday fined BharatPe co-founder Ashneer Grover ₹2 lakh for violating its order and posting defamatory content against the fintech company, saying it was appalled by the persistent blatant violation. It disposed of Bharat Pe’s plea seeking to restrain Grover from posting defamatory content on social media by directing Grover to deposit the fine within a …

BharatPe files fresh injunction plea against Ashneer Grover. Here's why
1 year, 1 month ago

BharatPe files fresh injunction plea against Ashneer Grover. Here's why

Hindustan Times  

In fresh legal trouble for Ashneer Grover, Resilient Innovations, the parent firm of BharatPe, has filed a case in the Delhi high court against the ex-Shark Tank India judge, seeking an injunction after he divulged what it said was ‘confidential' information about the fintech company, in public domain. Ashneer Grover The hearing against Grover, BharatPe's estranged co-founder, took place on …

BharatPe files fresh case against Ashneer for sharing ’confidential information’
1 year, 1 month ago

BharatPe files fresh case against Ashneer for sharing ’confidential information’

Live Mint  

Accusing Ashneer Grover of sharing 'confidential information' relating to the company, fintech firm BharatPe's parent company Resilient Innovations filed a fresh case in the Delhi High Court seeking an injunction, Economic Times reported on 24 November. Last week, BharatPe's embattled cofounder Ashneer Grover posted on X regarding the equity allocation and secondary components undertaken during the company’s Series E funding …

Ashneer Grover, Wife Summoned by Delhi Police Day After Being Stopped at Airport
1 year, 1 month ago

Ashneer Grover, Wife Summoned by Delhi Police Day After Being Stopped at Airport

News 18  

The Delhi Police’s Economic Offences Wing has summoned BharatPe co-founder Ashneer Grover and his wife Madhuri Jain for questioning in connection with an alleged Rs 81-crore fraud at the fintech unicorn, police sources said on Friday. The EOW filed an FIR against Mr Grover, Madhuri Jain and their family members Deepak Gupta, Suresh Jain and Shwetank Jain in May in …

Ashneer Grover tweets in Haryanvi to take a dig at Dhruv Bahl’s BharatPe exit
1 year, 3 months ago

Ashneer Grover tweets in Haryanvi to take a dig at Dhruv Bahl’s BharatPe exit

Hindustan Times  

Ashneer Grover, BharatPe co-founder, took a jibe at Dhruv Dhanraj Bahl after he stepped down as Chief Business Officer. “Tweeting in Haryanvi should be a thing,” shared Ashneer Grover while taking a dig at Bahl’s departure from the fintech firm. Take a look at what Ashneer Grover wrote in Haryanvi below: Since being shared on August 30, the tweet has …

Will Remove Article Carrying Ashneer Grover's Statements Against BharatPe: Entrepreneur Magazine To Delhi High Court
1 year, 5 months ago

Will Remove Article Carrying Ashneer Grover's Statements Against BharatPe: Entrepreneur Magazine To Delhi High Court

Live Law  

US-based Entrepreneur magazine has told the Delhi High Court that it will remove all its publications relating to an article or cover story containing the allegedly defamatory statements made by former BharatPe Managing Director Ashneer Grover against the fintech company. The undertaking was given by Entrepreneur magazine before Justice Jyoti Singh on July 14 in a defamation suit filed by …

Ashneer Grover makes first appearance on MTV Roadies 19, shuts down Gautam Gulati. Watch
1 year, 5 months ago

Ashneer Grover makes first appearance on MTV Roadies 19, shuts down Gautam Gulati. Watch

Hindustan Times  

Ashneer Grover, founder of BharatPe, who broke out on TV as an investor in Shark Tank India, has now made his inroads into MTV Roadies 19 as a guest judge. Ashneer Grover makes a grand entry on MTV Roadies 19 Ashneer's entry In a new promo of MTV Roadies 19, Ashneer Grover makes a grand entry. His comment was criticised …

Delhi High Court refuses to stay investigation against Ashneer Grover, wife in Economic Offences Wing FIR
1 year, 6 months ago

Delhi High Court refuses to stay investigation against Ashneer Grover, wife in Economic Offences Wing FIR

The Hindu  

The Delhi High Court on June 1 refused to stay, at this stage, an investigation against BharatPe co-founder and former CEO Ashneer Grover, and his wife Madhuri Jain Grover, in a case of an alleged ₹81-crore fraud based on a complaint lodged by the fintech unicorn. The Judge issued notice on the petition by Mr. Grover and his wife seeking …

Delhi HC denies stay on investigation against Ashneer Grover and wife
1 year, 6 months ago

Delhi HC denies stay on investigation against Ashneer Grover and wife

Live Mint  

Delhi HC on Thursday refused to stay the investigation against Ashneer Grover and Madhuri Jain Grover in the FIR registered by Delhi Police based on a complaint by BharatPe, the company which has alleged that Grover and his wife were involved in a fraud amounting to ₹81 crore, according to a report published by Bar and Bench. The Economic Offences …

Delhi Police registers FIR against BharatPe ex-MD Ashneer Grover for 'misappropriation of funds'
1 year, 7 months ago

Delhi Police registers FIR against BharatPe ex-MD Ashneer Grover for 'misappropriation of funds'

The Hindu  

The Economic Offences Wing of the Delhi Police has filed an FIR against former BharatPe co-founder Ashneer Grover, his wife Madhuri Jain Grover and family members Deepak Gupta, Suresh Jain and Shwetank Jain for an alleged ₹81 crore fraud after a complaint by the fintech unicorn. BharatPe in the complaint alleged that Mr. Grover and his family caused damages of …

FIR against BharatPe ex-MD Ashneer Grover, family
1 year, 7 months ago

FIR against BharatPe ex-MD Ashneer Grover, family

Live Mint  

New Delhi: The Economic Offences Wing on Wednesday registered an FIR against former BharatPe managing director Ashneer Grover, his wife Madhuri Jain Grover, and family members, including Deepak Gupta, Suresh Jain, and Shwetank Jain. From the contents of the complaint and enquiry conducted so far, prima-facie offences punishable under Sections 406/408/409/420/467/468/471/120B IPC are made out,” the FIR copy reads, a …

Ashneer Grover requests media: Write anything about me but…
1 year, 9 months ago

Ashneer Grover requests media: Write anything about me but…

Live Mint  

Ashneer Grover, whose designation on LinkedIn is “Own Master” since March 2022, has a request for the press. BharatPe, as per media reports, informed the Delhi High Court that they could consider a settlement in the ₹88.6-crore.defamation lawsuit at a later time. This statement was made after Justice Navin Chawla suggested that both BharatPe and Grover should consider settling the …

HC Issues Summons to Ashneer Grover on BharatPe’s Co-founder’s Plea Reclaiming Shares
1 year, 11 months ago

HC Issues Summons to Ashneer Grover on BharatPe’s Co-founder’s Plea Reclaiming Shares

News 18  

The Delhi High Court Wednesday issued summons to payment app BharatPe’s former MD Ashneer Grover on a suit by the company’s co-founder seeking to reclaim the shares he transferred to his erstwhile colleague. Justice Prateek Jalan noted Grover’s counsel’s submission that he will file a reply to the suit and not create any third party rights to the 16,110 shares …

BharatPe approaches Delhi HC to restrain Ashneer Grover, wife, others from making defamatory statements
2 years ago

BharatPe approaches Delhi HC to restrain Ashneer Grover, wife, others from making defamatory statements

The Hindu  

: The Delhi High Court on Thursday issued summons to BharatPe’s former managing director Ashneer Grover and his wife on a suit filed by the company seeking to restrain them from making defamatory statements against the fintech firm. The High Court gave Mr. Grover, his wife Madhuri Jain and others two weeks to submit replies to the plea filed by …

BharatPe Files Criminal Suit Against Ashneer Grover, Family; Know What Is The Case
2 years ago

BharatPe Files Criminal Suit Against Ashneer Grover, Family; Know What Is The Case

News 18  

Fintech unicorn BhartPe has filed a criminal suit against its former MD and co-founder Ashneer Grover and his family, seeking up to Rs 88.67 crore in damages for alleged cheating and embezzlement of funds. “Pass a decree of permanent injunction restraining the defendants and/or anyone on their behalf in any manner whatsoever from making defamatory/derogatory statements concerning the plaintiff, its …

BharatPe sacks several employees, initiates action to retrieve Ashneer Grover's restricted shares
2 years, 7 months ago

BharatPe sacks several employees, initiates action to retrieve Ashneer Grover's restricted shares

Firstpost  

The steps have been taken by the company’s board following a detailed corporate governance review against the backdrop of alleged lapses and misdoings during the tenure of Grover as managing director New Delhi: Payments startup BharatPe on Tuesday said it has terminated several employees and vendors as well as filed criminal cases against them for misconduct besides deciding to claw …

Ashneer Grover to Start New Venture With Own Money; Know Why He Won't Go Back to Investors
2 years, 7 months ago

Ashneer Grover to Start New Venture With Own Money; Know Why He Won't Go Back to Investors

News 18  

BharatPe co founder and former managing director Ashneer Grover has come into the spotlight again, but this time it is not the feud that he is famous for. “It’s a badly fought corporate battle,” Grover said while refusing to be drawn into the alleged misconduct with shareholders that had put him in the limelight. Following a series of bitter row …

Ashneer Grover Asks BharatPe to Show Cause CEO for 'Despicable Behaviour'; Boardroom Drama Still On
2 years, 8 months ago

Ashneer Grover Asks BharatPe to Show Cause CEO for 'Despicable Behaviour'; Boardroom Drama Still On

News 18  

BharatPe vs Ashneer Grover: BharatPe co-founder and former managing director Ashneer Grover has sent a letter to the payments firm’s board and sought apology from its CEO Suhail Sameer for his comments on LinkedIn against him and his sister Aashima. In his letter, Ashneer Grover said that Suhail Sameer’s words on social media were not only defamatory, but “also blatantly …

Ashneer Grover Hits Out at BharatPe CEO and Chairman, Says 'Ab Nani Yaad Aayegi'
2 years, 8 months ago

Ashneer Grover Hits Out at BharatPe CEO and Chairman, Says 'Ab Nani Yaad Aayegi'

News 18  

Ashneer Grover, the founder and former managing director of BharatPe, hit back at Rajnish Kumar, chairman and Suhail Sameer chief executive officer of the fintech company on Thursday, almost a month after his exit from the board. “So I just heard @bharatpeindia closed it’s first quarter of ‘degrowth’ and ‘maximum cash burn’ under able leadership of Rajnish Kumar and Suhail …

A short history of events that led to Ashneer Grover’s resignation from BharatPe
2 years, 9 months ago

A short history of events that led to Ashneer Grover’s resignation from BharatPe

The Hindu  

The story so far: Fintech company BharatPe on March 2 removed co-founder Ashneer Grover from all positions of the company, accusing his family of extensively misappropriating the company’s funds. BharatPe said that external advisors had reviewed the company’s internal controls, and Mr. Grover resigned shortly after he was informed that these findings will be presented to the company’s Board. Early …

Ashneer Grover vs BharatPe: 5 key takeaways from boardroom fight at unicorn startup
2 years, 9 months ago

Ashneer Grover vs BharatPe: 5 key takeaways from boardroom fight at unicorn startup

India Today  

The rise of Ashneer Grover and unicorn startup BharatPe was considered as an inspiring Indian entrepreneurs' success story till a rift between the co-founder of the company and board members snowballed into a major controversy. The payment startup hitback by stripping its co-founder Ashneer Grover of all positions for his alleged 'misdeeds' and may take further legal actions, including clawing …

BharatPe says Ashneer Grover used firm money to fund lavish lifestyle, removes him from all posts
2 years, 9 months ago

BharatPe says Ashneer Grover used firm money to fund lavish lifestyle, removes him from all posts

India Today  

Indian fintech firm BharatPe has removed Ashneer Grover from all positions in the company, including from his post of director on the board. In a statement, the company said that Ashneer Grover submitted his resignation as soon as he heard that the firm’s internal records would be reviewed by independent external advisors. “Ashneer Grover quickly shirked responsibility by sending an …

BharatPe board may take legal action against Ashneer Grover, alleges family 'engaged in misappropriation of funds'
2 years, 9 months ago

BharatPe board may take legal action against Ashneer Grover, alleges family 'engaged in misappropriation of funds'

Firstpost  

Ashneer Grover is no longer an employee, a founder, or a director of the company, said a statement issued by BharatPe. BharatPe reserves the right to take legal action against the embattled co-founder Ashneer Grover who quit yesterday as managing director and board director, the company said in a detailed statement hours after an extensive late night board meeting. Bitter …

Ashneer Grover is 'No Longer a Founder' of BharatPe; Company Can Take Legal Action for 'Spinning Lies'
2 years, 9 months ago

Ashneer Grover is 'No Longer a Founder' of BharatPe; Company Can Take Legal Action for 'Spinning Lies'

News 18  

A day after Ashneer Grover resigning from BharatPe, the company’s board said that he is no longer an employee, a founder, or a director of the fintech firm. “As a result of his misdeeds, Mr. Grover is no longer an employee, a founder, or a director of the company,” the board said in a statement. Ashneer Grover, the embattled founder …

Fame to failure in few months! Tracking Ashneer Grover's downfall
2 years, 9 months ago

Fame to failure in few months! Tracking Ashneer Grover's downfall

India Today  

BharatPe co-founder Ashneer Grover has resigned as managing director and board director, the payment startup said on Tuesday. In a scathing resignation letter, Grover cited reasons for quitting BharatPe board, even as he minced no words to hit back at officials for allegedly targeting him. PUBLIC ROW WITH KOTAK MAHINDRA BANK One of the major controversies pertaining to Grover came …

Ashneer Grover quits BharatPe board: Full text of resignation letter
2 years, 9 months ago

Ashneer Grover quits BharatPe board: Full text of resignation letter

India Today  

Ashneer Grover has resigned as the managing director of BharatPe. Last week, the services of Grover’s wife and ex-head of controls at the Indian fintech unicorn Madhuri Jain, were terminated by BharatPe based on the allegations of financial irregularities and money siphoning, according to a Business Today report. ASHNEER GROVER'S RESIGNATION LETTER - FULL TEXT Here is the full text …

BharatPe Co-founder Ashneer Grover Resigns, Says 'Founder of Company Reduced to...'
2 years, 9 months ago

BharatPe Co-founder Ashneer Grover Resigns, Says 'Founder of Company Reduced to...'

News 18  

Ashneer Grover, the co-founder and managing director of BharatPe, has resigned from the fintech firm amid ongoing controversy at the company. BharatPe-Ashneer Grover Controversy: A Timeline Earlier this year, a phone conversation went viral in which a man, alleged to be Ashneer Grover, could be heard abusing an employee of Kotak Mahindra Bank after the lender had missed out on …

Will BharatPe Terminate Co-Founder Ashneer Grover After His Wife? Here's a Timeline of the Saga
2 years, 9 months ago

Will BharatPe Terminate Co-Founder Ashneer Grover After His Wife? Here's a Timeline of the Saga

News 18  

The boardroom drama over the reigns of fintech major BharatPe shows no signs of abating. In the latest turn of events, Madhuri Jain, the company’s controller and Ashneer Grover’s, cofounder and managing director of BharatPe, wife, on charges of misappropriating funds. Sameer also called for employee trust, as the corporate battle between BharatPe’s board and cofounder Ashneer Grover had left …

BharatPe sacks Ashneer Grover's wife Madhuri Jain for spending company funds on beauty products, US trips
2 years, 10 months ago

BharatPe sacks Ashneer Grover's wife Madhuri Jain for spending company funds on beauty products, US trips

India TV News  

Highlights BharatPe has sacked Madhuri Jain Grover, wife of the fintech firm's co-founder Ashneer Grover. Madhuri is alleged to have used company funds for personal beauty treatments, foreign trips. BharatPe has sacked Madhuri Jain Grover, wife of the fintech firm's co-founder and managing director, Ashneer Grover, over alleged financial irregularities and canceled ESOPs vested with her. Madhuri is alleged to …

Legal tussle between Grover, Kotak Wealth not over yet
2 years, 10 months ago

Legal tussle between Grover, Kotak Wealth not over yet

Live Mint  

The legal tussle between BharatPe co-founder Ashneer Grover and Kotak Wealth Management, which has cascaded into a row between him and the BharatPe board, looks like dragging on. In a letter to Grover, Kotak’s legal representative Khaitan and Co. said the firm has not entered into any discussions with Grover and his wife in the so-called dispute over IPO financing. …

Financial scam at BharatPe, founder Ashneer Grover involved: Report
2 years, 10 months ago

Financial scam at BharatPe, founder Ashneer Grover involved: Report

Op India  

Ashneer Grover, the founder of BharatPe, who took a “voluntary leave of absence” until the end of March after the abusive phone call controversy, is now again caught in the eye of the storm as allegations of financial fraud as surfaced against his wife and brother-in-law. According to the investigation, Madhuri Jain, the wife of BharatPe founder Ashneer Grover, received …

BharatPe founder Ashneer Grover denies allegations of fraud, poor work culture; guns for his investors
2 years, 10 months ago

BharatPe founder Ashneer Grover denies allegations of fraud, poor work culture; guns for his investors

Firstpost  

Grover has made it clear that current CEO Suhail Sameer does not have his support, and that the latter is the ‘investors’ puppet’ Ashneer Grover is calm. Grover is co-founder and managing director of BharatPe, a company that was better known for its QR code aggregator app, service and surprise bank licence until a month ago, but is now best …

BharatPe likely to fire co-founder Ashneer Grover amid fraud concerns
2 years, 10 months ago

BharatPe likely to fire co-founder Ashneer Grover amid fraud concerns

Live Mint  

The board of BharatPe has decided to terminate the services of Ashneer Grover, the company’s co-founder and managing director, two people familiar with the developments said. The company this week has also terminated the services of 15 employees, including Madhuri Jain, head of controls at BharatPe, who is married to Grover, one of the two people said. “We again urge …

After ‘Audiogate’, BharatPe co-founder goes on voluntary leave: All you need to know about scandal surrounding Ashneer Grover
2 years, 11 months ago

After ‘Audiogate’, BharatPe co-founder goes on voluntary leave: All you need to know about scandal surrounding Ashneer Grover

Firstpost  

BharatPe co-founder Ashneer Grover issued a statement that he will be taking a leave of absence till March-end, just two weeks after an abusive audio clip of his with a Kotak Mahindra Bank was leaked online Days after an abusive audio clip of him emerged, BharatPe co-founder Ashneer Grover has decided to go on a ‘voluntary leave of absence’ till …

Abusive phone call row: BharatPe's Ashneer Grover to be on leave for over 2 months
2 years, 11 months ago

Abusive phone call row: BharatPe's Ashneer Grover to be on leave for over 2 months

Op India  

On January 19, Ashneer Grover, co-founder and Managing Director of fintech firm BharatPe, went on a “voluntary leave of absence” till the end of March. As per the company’s statement, “Ashneer Grover, our co-founder and MD, has today informed the Board of his decision to take voluntary of absence from BharatPe till March-end. Ashneer had co-built BharatPe from scratch, and …

BharatPe's Ashneer Grover takes voluntary leave till March-end
2 years, 11 months ago

BharatPe's Ashneer Grover takes voluntary leave till March-end

Hindustan Times  

BharatPe co-founder and managing director Ashneer Grover, who was recently embroiled in a controversy over purportedly using abusive language against Kotak Mahindra Bank staff, has taken a voluntary leave till March-end. BharatPe co-founder and managing director Ashneer Grover Grover informed the company's Board about his decision to proceed on leave earlier in the day, as per a statement issued by …

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