BharatPe said that Grover's shareholding in the company is merely 0.00013% and a Section 241 Companies Act petition can be filed only by a member who held at least 10% shares.
Over the last year, BharatPe has seen a top-level exodus in senior management with Nehul Malhotra, head of buy-now-pay-later product, PostPe; Vijay Aggarwal, chief technology officer; Rajat Jain, chief product officer for lending and consumer products, and Geetanshu Singla, vice president, technology, resigning from the startup.
BharatPe s COO Dhruv Bahl resigns, following a series of senior-level departures from the company. Dhruv Bahl, previously the COO at BharatPe and recently moved to the role of Chief Business Officer for the company s merchant lending segment, has chosen to step down from his position.
Ex-Managing Director of BharatPe Ashneer Grover has landed in legal trouble, with an FIR filed against him and his family in an Rs 81 crore fraud case.