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Delhi High Court Refused To Restrain Ashneer Grover From Creating Third Party Rights In 'Unpaid Shares' Of BharatPe Co-Founder Shashvat Nakrani
The Business Guardian
|December 16, 2023
The Delhi High Court in the case Shashvat Nakrani v. Ashneer Grover observed and has refused to restrain BharatPe’s former Managing Director Ashneer Grover from creating any thirdparty rights in the ‘unpaid shares’ which he bought from fintech company’s cofounder Shashvat Nakrani.
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The bench headed by Justice Sachin Datta in the case observed and has rejected the interim application moved by Shashvat Nakrani in his suit against Ashneer Grover wherein seeking to restrain him from alienating, transferring, or creating any third part rights in the unpaid shares.
The court stated while pronouncing the order that, I have declined the interim injunction.
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