NCLT directs Grover to establish maintainability of plea against BharatPe

The National Company Law Tribunal (NCLT) on Wednesday directed former BharatPe managing director Ashneer Grover to establish the maintainability of his petition filed against the fintech giant.

The plea, filed by Grover, seeks relief from actions taken by the company against him, his wife and Madhuri Jain, former head of controls at BharatPe.

Grover filed the case in January this year, pleading to declare the actions of the then-board chairman Rajnish Kumar-led BharatPe’s management as being “against the interests of the company”. Grover also challenged the termination of Madhuri Jain as the head of the company’s head of controls and pleaded for the revocation of the same.