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BharatPe seeks Rs 88 cr in damages from Ashneer Grover & family; files criminal complaint with EOW


Delhi High Court on Thursday summoned BharatPe’s former managing director and cofounder Ashneer Grover as well as to Madhuri Jain, the company’s former head of controls, and Grover’s wife, in a legal suit filed against them by the fintech firm. The Court has granted the couple two weeks to file a reply. The matter is expected to be heard starting January.


In the court hearing on Thursday, BharatPe’s counsel had taken issue with comments made by Grover and his wife Jain on Twitter. The fintech firm argued that the cofounder has been running a “vicious and vitriolic campaign” against the company on the microblogging site. However, counsel representing Grover argued that a legal suit was never served to them.


BharatPe had filed a criminal case against Jain and Grover on 17 counts, including criminal breach of trust, embezzlement of funds, as well as a civil suit that seeks Rs 80 crore in damages, a source told ET.


“BharatPe has initiated civil and criminal action against erstwhile cofounder and managing director Ashneer Grover, former head of controls Madhuri Jain Grover, and other connected parties of their family for various claims, including misappropriation of company funds. We have full faith in the courts and authorities and are confident that justice will be done,” said a BharatPe spokesperson.

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