Ashneer Grover case | ‘A settlement may come… but not right now: BharatPe lawyer to Delhi High Court

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After a Delhi High Court judge mentioned during a hearing that BharatPe and Ashneer Grover should look into settling their Rs 88 crore civil complaint, the fintech company’s lawyer responded that it might happen later, but not right now.

Previously, BharatPe co-founder Ashneer Grover and his wife, Madhuri Jain Grover, were summoned by the Delhi High Court after the fintech company filed a petition alleging that they are running a “vicious and vitriolic campaign” against it.

The company has also sought up to Rs 88 crore in damages from the Grovers and other family members. BharatPe claims that the Grover family created fake bills, enlisted fictitious vendors to provide services to the company, and overcharged the company for recruitment.

Grover resigned as managing director of BharatPe in April last year after a bitter battle with the company’s board. Madhuri Jain Grover was also fired as the head of controls due to allegations of misappropriation of funds.

The findings of an Alvarez and Marsal preliminary report from January 2022 are the basis for BharatPe’s complaint.

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Ashneer Grover case | ‘A settlement may come… but not right now: BharatPe lawyer to Delhi High Court

After a Delhi High Court judge mentioned during a hearing that BharatPe and Ashneer Grover should look into settling their Rs 88 crore civil complaint, the fintech company’s lawyer responded that it might happen later, but not right now.

Previously, BharatPe co-founder Ashneer Grover and his wife, Madhuri Jain Grover, were summoned by the Delhi High Court after the fintech company filed a petition alleging that they are running a “vicious and vitriolic campaign” against it.

The company has also sought up to Rs 88 crore in damages from the Grovers and other family members. BharatPe claims that the Grover family created fake bills, enlisted fictitious vendors to provide services to the company, and overcharged the company for recruitment.

Grover resigned as managing director of BharatPe in April last year after a bitter battle with the company’s board. Madhuri Jain Grover was also fired as the head of controls due to allegations of misappropriation of funds.

The findings of an Alvarez and Marsal preliminary report from January 2022 are the basis for BharatPe’s complaint.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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