Accusing Ashneer Grover of sharing ‘confidential information’ relating to the company, fintech firm BharatPe’s parent company Resilient Innovations filed a fresh case in the Delhi High Court seeking an injunction, Economic Times reported on 24 November.
Last week, BharatPe’s embattled cofounder Ashneer Grover posted on X regarding the equity allocation and secondary components undertaken during the company’s Series E funding round.
It was led by Tiger Global and saw participation by the Dragoneer Investor group and others. The $370 million fundraising had valued BharatPe at $2.86 billion.
However, Grover later deleted the tweet.
What did BharatPe’s counsel say?
On Friday, the issue was heard at the Delhi High Court – headed by Justice Sachin Dutta – where BhartPe’s counsel senior advocate Akhil Sibal argued that Grover had violated his obligations under an employment agreement, as he put out confidential information relating to the company.
The counsel even argued that the BharatPe embattled co-founder, despite his resignation, holds confidential company information and is in violation of the company’s employment agreement, added the report.
What did Grover’s counsel say?
In reply, Grover’s counsel senior advocate Giriraj Subramanium submitted an apology to the court for his conduct, which was accepted. But, then argued that Grover required this information to defend himself against the various proceedings instituted against him.
Now the matter regarding Grover continuing to hold confidential company information will be heard on the next date of hearing.