Brief by Shorts91 Newsdesk / 05:06am on 01 May 2024,Wednesday India
Delhi High Court has barred ex-BharatPe MD Ashneer Grover from transferring shares given by co-founder Bhavik Koladiya, following Koladiya's lawsuit to reclaim them. Justice Prateek Jalan cited Koladiya's strong case, fearing irreversible harm if Grover made third-party claims on the shares. The order prevents Grover from altering or assigning any rights in the disputed shares until the case's resolution. It clarifies that the judgment's purpose is solely to address the present application and not to prejudice either party during the trial. The ruling highlights the ongoing legal battle within BharatPe's leadership, shedding light on the intricacies of the company's internal dynamics.
