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Delhi HC Restrains Ashneer Grover From Selling BharatPe Shares Transferred By Bhavik Koladiya

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Former BharatPe MD, Ashneer Grover, has been barred from selling or creating any third-party rights on shares transferred to him by co-founder Bhavik Koladiya. Koladiya alleges that he transferred 1,611 shares (now 16,110 shares) worth INR 88 lakh ($118,234) to Grover, but he never paid him for these shares. Grover denies the allegations and claims that the agreement for the share transfer is forged and fabricated. This dispute adds to the ongoing legal battles involving Grover and his former employer, BharatPe.