Ashneer Grover, former co-founder and managing director of BharatPe, has taken legal action against the fintech company, filing a plea at the National Company Law Tribunal (NCLT) in Delhi. Grover alleges oppression and mismanagement within the firm, invoking Sections 241 and 242 of the Companies Act 2013. The case was heard on December 6, with the next hearing scheduled for January 11. This move follows a recent fine of Rs 2 lakh imposed on Grover by the Delhi High Court for alleged defamatory social media posts against BharatPe. The court, despite accepting Grover's apology and undertaking, imposed the fine, emphasizing the seriousness of the matter. Earlier directives from the court urged both parties to refrain from making defamatory statements against each other. BharatPe, in response to an FIR filed by Delhi Police's Economic Offences Wing, accused Grover of tweeting defamatory statements, adding to an ongoing defamation suit seeking damages of Rs 88.67 crore.
Key Points
1. Ashneer Grover, the former co-founder and managing director of BharatPe, has initiated legal proceedings against the fintech company, citing oppression and mismanagement under Sections 241 and 242 of the Companies Act 2013.
2. The case was presented at the National Company Law Tribunal (NCLT) in Delhi, with the initial hearing occurring on December 6, and the subsequent hearing scheduled for January 11.
3. This legal action follows a recent Rs 2 lakh fine imposed on Grover by the Delhi High Court for allegedly making defamatory social media posts against BharatPe, despite Grover's apology and assurance to the court.
4. The court had previously urged both parties to abstain from making defamatory statements against each other, emphasizing the gravity of the situation.
5. BharatPe, responding to an FIR by Delhi Police's Economic Offences Wing, has accused Grover of tweeting defamatory statements, contributing to an ongoing defamation suit seeking damages of Rs 88.67 crore.
(With Agency Inputs)
Read also| Markets Remain Rangebound, Anticipating US Inflation Data
Read also| India's Industrial Output Records 11.7% Growth, Highest in 16 Months
