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Bhavik Koladiya's OTPless bags $3.5M in pre-Series A round led by Sidbi

Bhavik Koladiya's OTPless bags $3.5M in pre-Series A round led by Sidbi
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India startups 3SC, Matel and OTPless secure funding

India startups 3SC, Matel and OTPless secure funding
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Don't make third-party rights on shares transferred by Bhavik Koladiya, HC tells Ashneer Grover

Koladiya had moved the HC claiming that he had transferred these shares to Grover, but the latter did not pay him. Last year, the court noted Grovers statement that he “will not create any third-party interest in the suit shares and in any rights that accrue to him as a consequence thereof”.

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Delhi HC restrains Ashneer Grover from creating third party rights in BharatPe shares

The Delhi High Court on Tuesday issued a restraining order against Ashneer Grover, the former Managing Director of BharatPe, preventing him from creating any third-party interests or rights in the 16,110 shares transferred to him by the fintech ...

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Delhi High Court restrains Ashneer Grover from selling shares given by BharatPe co-founder Bhavik Koladiya

BharatPe co-founder, Bhavik Koladiya had moved the High Court arguing that he transferred his shares to Ashneer Grover in December 2022 but that Grover never paid him for the same.

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Delhi HC restrains Ashneer Grover from selling shares transferred by Bhavik Koladiya

The court noted that the interim order will remain in place till the time the litigation between Grover and Koladiya is disposed off.

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Ashneer Grover: HC asks Ashneer Grover not to create third party rights in shares transferred by BharatPe cofounder

Delhi High Court restrains Ashneer Grover from transferring shares to prevent irreparable loss to Bhavik Koladiya. The legal battle involves claims over shares transferred before BharatPe's incorporation, highlighting Grover's resignation in March 2022.

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Delhi High Court Issues Restraining Order Against Ashneer Grover From Creating Third-Party Rights in BharatPe Shares

The order was issued by Justice Prateek Jalan in response to an interim application filed by Koladiya as part of his ongoing suit against Grover. The court stressed that Grover must refrain from making any third-party arrangements related to the shares until the conclusion of the legal proceedings. �� Delhi High Court Issues Restraining Order Against Ashneer Grover From Creating Third-Party Rights in BharatPe Shares.

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