Kotak Mahindra Bank Ltd. and Bharatpe co-founder Ashneer Grover find themselves in the middle of a clash with both sides threatening action. The clash stems from talks of a financing arrangement during the initial public offering of FSN E-commerce Ventures Ltd., which owns Nykaa, and an allegedly heated conversation between Grover and a bank relationship manager when the financing did not come through.
BharatPe s co-founder and MD Ashneer Grover and his wife Madhuri Grover sent a legal notice to Kotak Mahindra Bank s managing director and chief executive officer Uday Kotak and to some of his senior management, accusing the bank of failing to .