Ashneer Grover Withdraws Pleas Against BharatPe

Following the settlement of a two-year long legal dispute between BharatPe, cofounder and former managing director Ashneer Grover has officially withdrawn the oppression and management plea he had filed in the National Company Law Tribunal (NCLT) against the company and its board of directors.

“Liberty is granted to the applicant to withdraw the company petition… and the same is dismissed as withdrawn. The present IA is disposed of,” an NCLT order noted.

Inc42 has reached out to BharatPe for comments on the development. The story will be updated based on the response.

According to an ET report, Grover also withdrew a plea from the National Company Law Appellate Tribunal (NCLAT), where he had sought his reinstatement as managing director of the company.

Notably, he also sought the board of Resilient Innovations Pvt Ltc (legal name of BharatPe) to be declared illegal. 

Recently, Grover and wife Madhuri Jain moved to Delhi High Court, seeking the quashing of an FIR filed with Delhi Police’s Economic Offences Wing (EOW). 

Notably, the updates come close on the heels of BharatPe settling its two-year long legal dispute with Ashneer Grover, following which the former cofounder will no longer have association with the company, nor hold any shareholding pattern.

(The story will be updated soon)

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