BHAVIK KOLADIYA

Koladiya had moved the HC claiming that he had transferred these shares to Grover, but the latter did not pay him. Last year, the court noted Grover’s statement that he “will not create any third-party interest in the suit shares and in any rights t...

The court asked Grover, who is also a cofounder, to intimate Nakrani if and when he planned to sell those shares. The rejection of the interim plea is part of a broader case where Nakrani is trying to get his shares back from Grover.

Earlier this week, Economic Offences Wing (EOW) of the Delhi Police, in a status report to the Delhi High Court, said there were discrepancies in vendor invoices putting the focus back on the long-drawn saga between the Grovers and BharatPe, which s...

Bahl played a crucial role in the restructuring of the organisation post the exit of Grover. He had joined the company in 2020 as the head of operations Before joining BharatPe, he worked across organizations such as Airtel Payments Bank, Paytm Bank...

This is the third major change at the top for the New Delhi-based fintech after its cofounders Ashneer Grover and Bhavik Koladiya left the company.

The family members named in the FIR include Grover’s wife Madhuri Jain Grover, as well as Deepak Gupta, Suresh Jain and Shwetank Jain.

During the hearing on Friday, Nakrani’s counsel sought an interim order from the bench of Justice Sachin Datta, referring to the similar case filed by Koladiya where the court had issued an interim order restricting Grover from creating any third-pa...

Through Crickpe, which is a real-money gaming app, users of over 18 years of age will be able to create a virtual team of cricket players, and enter paid contests to earn cash prizes based on the players’ performance in real games. Users will also b...

The latest case against Grover comes after BharatPe’s original cofounder Bhavik Koladiya had also sued the former in January this year, to reclaim his shares in Resilient Innovations, the parent entity which runs BharatPe.

During the last hearing on January 18, the Delhi High Court restricted Grover from creating any third-party rights or interest on shares 'transferred' to him by Koladiya. Koladiya filed a suit to reclaim the disputed shares, saying Grover has not pa...

The digital payments firm has sought Rs 88 crore in damages from cofounder and former managing director Ashneer Grover, his wife and some of their family members for alleged misappropriation of funds and causing reputational harm to the company.

Bhavik Koladiya seeks to reclaim his shares in BharatPe and the case will come up for hearing in the Delhi High Court on January 18.

Koladiya has filed a suit to reclaim the disputed shares, saying Grover has not paid for the shares as per the agreement.

Koladiya founded the fintech firm in 2017 with Shashvat Nakrani, his schoolteacher's son. In 2018, they began searching for a chief executive for the company and eventually joined hands with Grover.

Bhavik Koladiya, who cofounded BharatPe with Shashvat Nakrani in March 2018, is ending his association with the company.

Koladiya’s contract has not been renewed, according to two people who were aware of the discussions. He was removed from BharatPe’s cap table after being convicted of credit card fraud in the US in 2015.

Grover also recently wrote an email to the company board on the issue of Koladiya’s alleged stake in the firm, asking the board to remove him immediately from the company, failing which he must write to the Reserve Bank of India (RBI) to revoke Bhar...

ET reported on March 5, after Grover was removed from the fintech firm, about the growing discontent between him and Koladiya.

Sources tell us BharatPe’s board is unlikely to intervene in this fight and that shareholders will have to sort it out among themselves.