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They are accused of defamation and spreading misleading media statements about Ankiti Bose, the former CEO of Zilingo. This legal action follows an FIR filed against them.
Simultaneously, Bose's High Court suit targets what she contends to be deceptive statements made by the duo, purportedly exacerbating the harm to her public image.
Monika Tanna, Partner at Singhania and Co., emphasized the commitment of the legal team to seek just remedies and ensure accountability for the actions of Mr. Kapoor and Mr. Vaidya.
The police had earlier lodged an FIR against Zilingo co-founder Dhruv Kapoor and ex-COO Aadi Vaidya on the complaint of Ankiti Bose.
The DealStreetAsia editors recap the most significant developments in the private markets of Asia in the week that went by.