Page 37 - Info Edge News Today

Troubled 4B Networks’ cofounder Rahul Yadav and founding member Sanjay Saini have now approached a Mumbai Court seeking anticipatory bail.

The order came after 4B Networks failed to file a response despite being granted a “last opportunity” by the court in an arbitration suit filed against it for allegedly not paying dues to Innov8 amounting to over Rs 1 crore.

The Delhi HC said that Rahul Yadav’s 4B Networks has lost its right to file a response in the arbitration case filed by Innov8

Info Edge: The order came after 4B Networks failed to file a response despite being granted a “last opportunity” by the court in an arbitration suit filed against it for allegedly not paying dues to Innov8 amounting to over Rs 1 crore.

Mumbai Polices Economic Offences Wing (EOW) probing the matter opposed the ABA, contending that Yadav failed to join the probe on at least two occasions.

Info Edge Limited at its 28th AGM held on August 25, 2023 approved a final dividend of INR 9/- per equity share of INR 10/- each for the Financial Year 2022-2023....

Global capability centres of multinational firms are either setting up India operations or expanding existing ones, lifting demand for staffing firms

On the technical charts, the 200-day moving average of the stock stood at Rs 3979.05.

Meanwhile, Yadav’s delaying tactics continue as 4B Networks asks for more time in its arbitration proceedings with Innov8 and Info Edge. He was also questioned twice by the Mumbai Police this week.

In yet another trouble for Broker Network (operated by 4B Networks) founder Rahul Yadav, co-working company Innov8 has reportedly gone into arbitration with him over unpaid dues amounting to Rs 1.08 crore, a media outlet reported on Friday.4B ...