Earlier this month, Grover and his wife Madhuri Jain were reportedly stopped at the Delhi international airport due to a lookout circular issued against them in connection with the alleged fraud at the fintech firm.
The Delhi High Court on November 28 imposed a fine of Rs 2 lakh on Ashneer Grover, the former Managing Director and co-founder of Bharat Pe, for sharing inappropriate posts about Bharat Pe. The action, however, was taken despite Grover giving assurance to the court that he would refrain from doing so.
The court dismissed Bharat Pe’s plea to prohibit Grover from posting defamatory content. The decision appears to consider Grover’s commitment to abstain from sharing such content in the future and his apology for the previous behaviour.
Last week, Moneycontrol reported that BharatPe had filed a fresh case on November 23 and sought the court’s intervention to restrict Grover from publishing or disclosing confidential information about the company. The argument presented was that Grover continues to be bound by confidentiality obligations outlined in his employment agreement.
According to several media reports, Grover, who is under investigation for alleged financial irregularities at BharatPe, posted on social media platform X last week about the equity allocation and secondary components during the company’s Series E funding round. This funding round was led by Tiger Global and involved participation from the Dragoneer Investor group and other investors.
Earlier this month, Grover and his wife Madhuri Jain were reportedly stopped at the Delhi international airport due to a lookout circular issued against them in connection with the alleged fraud at the fintech firm.