Bhavik Koladiya

BharatPe ex-managing director Ashneer Grover has written a letter to the Reserve Bank of India accusing BharatPe board chairman Rajnish Kumar of allocating equity shares in the company to himself worth hundreds of crores since joining the company’s board.He has also alleged that Kumar hiked his salary for his services to Rs 1.5 crore per year, three times compared to his initial fees at the time of joining the board in October 2021.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian…

The Delhi High Court granted more time to Ashneer Grover, his wife Madhuri Jain and others to file additional responses to the notices issued on a lawsuit filed by BharatPe, which has accused them of financial irregularities when they were at the helm of the company.The digital payments firm has sought Rs 88 crore in damages from cofounder and former managing director Grover, his wife and some of their family members for alleged misappropriation of funds and causing reputational harm to the company.A bench of Justice…

BharatPe’s estranged cofounder Ashneer Grover, who is being sued by the company for alleged misappropriation of funds and reputational harm, now faces a lawsuit from Bhavik Koladiya, another cofounder of the troubled fintech firm, who is looking to reclaim his shares in the company.Also in this letter:■ Govt extends deadline for feedback on draft gaming rules■ Coffee company Blue Tokai bags $30 million from A91, others■ Top four IT firms record sharp drop in net hiring, lowest in 11 quartersBhavik Koladiya sues Ashneer…