Ashneer Grover withdraws oppression and mismanagement plea against BharatPe management

Ashneer Grover, co-founder and former managing director of BharatPe, withdrew his plea from the National Company Law Tribunal (NCLT), in which he had alleged oppressive conduct and mismanagement by the board of the fintech firm.

The withdrawal of the plea from the NCLT’s Delhi bench came after Grover reached a settlement with the company on September 30, 2024.

A copy of the settlement agreement was also placed before the NCLT by the counsel appearing for Grover, who had filed an application for withdrawal of the petition.