Grover vs. Koladiya: Delhi HC Upholds Injunction in BharatPe Share Dispute

Delhi HC Upholds Injunction in BharatPe Share Dispute

The Delhi High Court refused Ashneer Grover’s request to lift the injunction, restraining him from creating any third-party interest in BharatPe shares.

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In January, Grover had agreed to not create any third-party interest in the shares under dispute.

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Bhavik Koldaiya moved the court against Grover over a share dispute dating back to when Grover resigned from BharatPe in March 2022.

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Koladiya filed the case in the HC against Grover on January 17 to take BharatPe shares back from him which he has been holding for the cofounder since at least 2019.

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During the court proceedings in January, the former BharatPe MD’s counsel submitted in the court that Grover’s wife paid INR 8 Cr to Koladiya’s wife, a part of which was supposed to be towards the payment for shares.

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