“We wish Grover all the best. BharatPe continues to focus on delivering industry-leading solutions to its merchants and customers, driving growth along with profitability,” the company said. In a post on the X social media platform, Ashneer said he had “reached a definitive agreement with BharatPe”. “I express my confidence in the management and the board, who are doing a great job in taking BharatPe forward in the right direction. I am closely associated with the growth and success of the company,” Ashneer said. The cases filed by both parties Have decided not to proceed further. I am hopeful that BharatPe will continue to grow and succeed for the benefit of all its stakeholders,” he posted.
BharatPe had approached the high court, months after Ashneer Grover and his wife Madhuri Jain Grover were ousted from the company over allegations of misappropriation of funds. In its 2,800-page suit, BharatPe claimed damages of Rs 88.67 crore from Ashneer, his wife and his brother for alleged fraud and misappropriation of funds. Last week, the Economic Offenses Wing (EOW) of Delhi Police had arrested Deepak Gupta, a family member of BharatPe co-founder Ashneer, in a case of misappropriation of company funds. Deepak Gupta has been named in the FIR lodged in May 2023 against Ashneer, his wife and his family member. Earlier, another accused in this case, Amit Bansal, was also arrested by EOW.
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