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BharatPe Vs Ashneer Grover: A Settlement Or Compromise?

Inc42 · 8m

Fintech unicorn BharatPe has announced the settlement of its long-standing legal dispute with former MD and co-founder Ashneer Grover. As part of the settlement, Grover will no longer have any association or shareholding in the company. The court's view on the matter is still unknown, but sources suggest that if the Grovers appeal to quash the FIR, BharatPe will not object. This settlement has raised questions about the board's decision and the impact on BharatPe's reputation. Concerns remain about the allegations and whether this settlement sets a problematic precedent for founders in similar situations.