Delhi HC Rejects BharatPe Cofounder Shashvat Nakrani’s Appeal Against Ashneer Grover

Delhi HC Rejects BharatPe Cofounder Shashvat Nakrani’s Appeal Against Ashneer Grover

SUMMARY

A single-judge HC bench dismissed Nakrani’s application but directed Grover to intimate Nakrani during the sale or transfer of the shares

The shares in question were sold by Nakrani to Grover when the latter joined BharatPe as a third cofounder in July 2018, but the former claims he received no payment

BharatPe cofounder Shashvat Nakrani’s plea seeks to restrain Ashneer Grover from selling or alienating the shares that the former sold to him

The Delhi High Court on Friday (December 15) rejected an interim application filed by BharatPe cofounder Shashvat Nakrani that sought to restrain the fintech unicorn’s former managing director (MD) Ashneer Grover from selling or alienating the shares that the former sold to him.

A single-judge bench of Justice Sachin Datta dismissed the plea but directed Grover to intimate Nakrani when he decides to sell or transfer the shares in question. 

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