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Ashneer Grover's plea against income tax notice dismissed by HC
CNBC
·
2y ago
Medial
The Delhi High Court rejected Ashneer Grover's plea challenging an income tax notice issued to him under the Black Money Act. The court dismissed the petition after advising Grover's counsel to withdraw it voluntarily. Grover had requested the cancellation of the notice and a halt to the assessment proceedings under the act.
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Ashneer Grover calls out IT dep for asking ITR info of investors from startups
Livemint
·
1y ago
Medial
Ashneer Grover, former CEO of BharatPe, has questioned the Income Tax Department's notice to startups, which asks for three years' worth of income tax return (ITR) details of investors. Grover shared his concerns on Twitter, highlighting the contradiction of startups needing their shareholders' ITR and why shareholders would share their ITR with startups. He requested Finance Minister Nirmala Sitharaman to examine the matter. Startups, including some in Grover's portfolio, have reportedly received these income tax notices, which seek information about shareholders' ITR to establish their creditworthiness.
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Delhi HC Disposes BharatPe Cofounder Shashvat Nakrani’s Plea Against Ashneer Grover
Inc42
·
1y ago
Medial
The Delhi High Court has dismissed a plea by BharatPe cofounder Shashvat Nakrani seeking to restrain former managing director Ashneer Grover from selling or alienating shares that Nakrani had sold to him. The court ordered an expedited trial of Nakrani's case and appointed a local commissioner to record evidence, with completion expected in eight weeks. Nakrani had appealed against a previous order rejecting the interim application. BharatPe was founded by Nakrani and Bhavik Koladiya in 2018, with Grover joining as a third co-founder and purchasing shares from Nakrani in 2018.
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BYJU’S Courtroom Drama: Karnataka HC Disposes Of Byju Raveendran’s Plea
Inc42
·
1y ago
Medial
The Karnataka High Court has dismissed the plea filed by Byju Raveendran, the founder of BYJU'S, challenging the admission of an insolvency plea against cricket governing body BCCI by the National Company Law Tribunal (NCLT). The judge ruled that the matter is already being heard by the National Company Law Appellate Tribunal (NCLAT), which is scheduled to hold the hearing tomorrow.
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IT dept responds to Ashneer Grover's questions over notices to startups
Livemint
·
1y ago
Medial
The Income Tax department responded to former BharatPe CEO Ashneer Grover's concerns regarding notices sent to startups requesting three-year ITR details of their investors and shareholders. The IT department explained that Section 68 of the Income-tax Act places the initial onus on the assessee-company to prove the identity, creditworthiness, and genuineness of the transaction of the investor/shareholder. The department clarified that it aims to verify if the amount invested aligns with the investors' reported income in their ITRs and mentioned the practice of sharing PANs with the Assessing Officer.
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BharatPe Fraud: Delhi HC Allows Ashneer Grover’s Plea To Travel To Qatar On Conditions
Inc42
·
10m ago
Medial
The Delhi High Court has observed that the petitioner, Ashneer Grover, has appeared before the investigating agency whenever summoned. Grover's lawyer argued that while he will attend a personal meeting abroad, his family will remain in India, making it unlikely for him to abscond. Grover and his wife, Madhuri, had moved the Delhi HC challenging the lookout circulars issued against them by the Delhi Police's Economic Offences Wing for alleged misappropriation of funds at BharatPe.
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Delhi HC slaps ₹2 lakh fine on Bharat Pe's former MD Ashneer Grover
Livemint
·
1y ago
Medial
Former MD and co-founder of Bharat Pe, Ashneer Grover, has been fined ₹2 lakh by the Delhi High Court for sharing inappropriate posts about Bharat Pe, despite prior assurance not to do so. The court dismissed Bharat Pe's plea to prohibit Grover from posting defamatory content, considering his commitment to refrain from such behavior in the future and his apology for previous actions. This comes after Resilient Innovations, BharatPe's parent company, filed a case alleging that Grover disclosed confidential information about the company.
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Delhi HC dismisses plea against Ashneer Grover on Nakrani share sale
Economic Times
·
1y ago
Medial
The Delhi High Court has dismissed an interim plea by BharatPe co-founder, Shashvat Nakrani, to stop the former managing director, Ashneer Grover, from selling the shares transferred to him by Nakrani. However, the court has ordered Grover to inform Nakrani if and when he plans to sell those shares. This case revolves around Nakrani's attempt to retrieve his shares from Grover, and it is part of a broader legal dispute involving the two co-founders. Grover has also sought a reversal of BharatPe's decision to terminate him and his wife through the National Company Law Tribunal (NCLT).
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Delhi HC Directs Ashneer Grover To Take Down Tweets Against BharatPe, Former SBI Chairman
Inc42
·
1y ago
Medial
BharatPe co-founder Ashneer Grover has been directed by the Delhi High Court to remove his tweet against the company and former State Bank of India chairman Rajnish Kumar within 48 hours. Grover had made posts on social media platform X against BharatPe and alluding to Kumar, calling them "petty people." The court observed that Grover's tweet was an innuendo and remarked that he cannot damage the company's reputation. This development comes after Grover reportedly wrote a letter to the Reserve Bank of India urging for a probe into Kumar's alleged equity shares worth hundreds of crores.
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ANI Vs Wikipedia: Delhi HC Asks Platform To Take Down Page On Lawsuit
Inc42
·
9m ago
Medial
The court dismissed a plea against a single-judge order that required Wikimedia to disclose the identities of Wikipedia page editors. The court considered the order as censorship and a threat to information flow. The court stated that they would only hear Wikimedia's arguments after the page is taken down. The plea arose from edits made to a Wikipedia page concerning a news agency.
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‘I’ll be last man standing', says Ashneer Grover amid EOW probe in BharatPe case
Livemint
·
1y ago
Medial
Ashneer Grover, co-founder of BharatPe, has posted on social media that he will be "the last man standing" amidst the ongoing probe into allegations of fund misappropriation. The Economic Offences Wing (EOW) has stated that the investigation is still in its initial stages and that replies from various authorities are yet to be received. However, the EOW has strongly opposed Grover's plea to dismiss the case, citing the gravity of the offense and ongoing investigation. The case was filed by BharatPe against Grover and his family members last year.
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