India

Delhi High Court Refers BharatPe vs Ashneer Grover Dispute To Arbitration

The ongoing legal battle between BharatPe and its former managing director, Ashneer Grover, took a significant turn as the Delhi High Court referred the dispute to a sole arbitrator on Thursday.

The fintech company, BharatPe, had approached the Delhi High Court alleging that Grover violated his employment agreement by disclosing confidential company information on social media.

This breach, BharatPe claimed, was in direct violation of his contractual obligations.

Before the matter escalated to the High Court, Grover had received a notice from BharatPe requesting arbitration.

While he agreed to the arbitration process, Grover disputed the choice of the sole arbitrator, leading to further legal proceedings.

In a previous round of litigation, the Delhi High Court fined Grover Rs 2 lakh for blatantly disregarding court orders.

Despite being restrained from posting defamatory content about BharatPe on social media, Grover continued to publish disparaging remarks.

The court had directed both Grover and BharatPe’s officials to refrain from making defamatory or unparliamentary statements against each other.

Additionally, the court ordered Grover to remove specific posts, including one where he labeled the SBI Chairperson as petty.

The dispute traces back to allegations of financial misconduct during Grover’s tenure at BharatPe.

The company accused Grover, his wife Madhuri Jain, and their relatives of embezzling company funds and using them to support their extravagant lifestyles.

Following an internal investigation, BharatPe terminated Madhuri Jain, who served as the head of controls, after uncovering financial irregularities involving crores of rupees.

In response to these allegations, Grover had already initiated arbitration proceedings at the Singapore International Arbitration Centre, arguing that the investigation against him was unlawful and violated the shareholder agreement and articles of association.

Also Read: Supreme Court Upholds Bail For Gauri Lankesh Murder Case Accused

Mankrit Kaur

Recent Posts

Rouse Avenue Court To Rule On AAP Money Laundering Chargesheet On November 6

The ED submitted the first supplementary chargesheet of 110 pages on October 29. It alleges…

1 hour ago

Allahabad HC Rejects Exemption Request From Additional Chief Secretary Due To Chief Minister’s Program

The court stated that proceedings should not delay because of any constitutional officer's schedule. However,…

2 hours ago

Court Directs ED To Provide Charge Sheet Copies To Accused In Delhi Liquor Policy Case

During the proceedings, the ED requested more time to share copies of digital records, remaining…

2 hours ago

Mahakumbh 2025: Google Maps To Guide Devotees For The First Time

Google has modified its policy to include Mahakumbh, recognizing the event's significance and massive turnout.…

3 hours ago

Yogi Government Eases FDI Policy To Boost Foreign Investment In Uttar Pradesh

During a cabinet meeting on Monday at Lok Bhavan, the state approved changes to the…

3 hours ago

Tribute Meeting To Honor Martyrs Of 1966 Cow Protection Movement

Yuva Chetna will organize a tribute meeting to honor martyrs of the 1966 cow protection…

3 hours ago