BharatPe and Ashneer Grover Finalize Settlement
BharatPe has officially reached a settlement with its former co-founder, Ashneer Grover.
Key Terms of the Settlement
As part of this agreement, Grover will no longer have any association with BharatPe or hold shares in the company. Some of his shares will be transferred to the Resilient Growth Trust for the company’s benefit, while his family trust will manage the remaining shares.
Legal Proceedings Dropped
Both parties have agreed to drop all civil and criminal cases filed in various courts.
Legal Representation
Settlement negotiations were led by law firms Sim and San and Trilegal, along with BharatPe’s General Counsel, Sumeet Singh.
Sim and San Team
The Sim and San team, including Senior Partners Mohit Goel and Sidhant Goel, along with Managing Associate Deepankar Mishra and Senior Associate Aishna Jain, structured the settlement agreement.
Trilegal’s Role
The Trilegal team, led by Partners Anuj Berry and Sourabh Rath, managed the civil litigation and corporate law aspects, supported by several associates.
Arbitration Matters
Shardul Amarchand Mangaldas represented the case before the Singapore International Arbitration Centre (SIAC), with a team led by Disputes Partner Tejas Karia.
Criminal Matters Handled by MZM Legal
MZM Legal managed the criminal aspects of the case, with a team led by Managing Partner Zulfiquar Memon.
Representation for Grover
Ashneer Grover’s side was represented by Advocates Giriraj Subramanium and Shonak Sharma, with additional support from the Sarvada Legal team in the SIAC proceedings.
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