Connect with us

Hi, what are you looking for?



Ashneer Grover to invoke arbitration clause against BharatPe

The lawyers of BharatPe founder, Ashneer Grover will invoke arbitration and will be sending a notice to the company very soon, challenging their decision to conduct a governance review and making claims for an exit, said sources.

The news: “The agreement says you can’t go to a civil suit and only file an arbitration. If the company agrees then they will mutually appoint an arbitrator. If not then the plan is to go to the High Court seeking the appointment of an arbitrator,” said one of the sources.

  • It is said that the lawyers have already filed an emergency arbitration plea in the Singapore International Arbitration Centre (SIAC).
  • Grover is being advised by senior lawyer Ritin Rai besides two law firms – Karanjawala and Meraki Law.
  • “Karanjawala is trying very hard to invalidate this whole exercise (governance review),” the source added.
  • Grover will file an arbitration plea in the Singapore International Arbitration Centre (SIAC) following a long battle between him and the board and shareholders to keep his 9.5 per cent shareholding intact in Bharat Pe.
Click to comment

Leave a Reply

Your email address will not be published.




New Delhi, Sept 29- According to data updated on Thursday by the Union Health Ministry, 4,272 new instances of infections have been registered throughout...


J&K, Sept 29 – Two people were injured in two bombs that occurred within eight hours in the Udhampur district of Jammu and Kashmir...


Karnataka, Sept 28 – The Narcotics Wing of the Central Crime Branch (CCB) broke an inter-state narcotics conspiracy on Tuesday, arresting five people-four women...


New Delhi, Sept 28- India observed a modest increase in the number of Covid-19 cases in the country, reporting 3,615 instances on Wednesday. The...


New Delhi, Sept 28- Considering the decline in the number of theaters in India and to prevent its complete closure, the Ministry of Information...


New Delhi, Sept 28– The Popular Front of India (PFI) and any of its affiliates, allies, or fronts have been declared illegal associations by...

You May Also Like


The structure will be built for a Public Health Centre (PHC), which will be the sole government health facility near the crash site. The...


It appears that Twitter is full of like-minded people who have had similar ideas regarding marriage, particularly arranged marriage. And they’ve developed a hilarious...


Microsoft Corp. Chief Executive Officer Satya Nadella’s son Zain Nadella, died Monday morning.  The news: Zain was 26 years old and had been born...


According to a tweet from the UK Ministry of Defence, the Russian Ministry of Defense confirmed the use of its TOS-1A weapon system in...