BharatPe has officially settled its long-standing dispute with former co-founder and managing director Ashneer Grover. In a statement, the fintech company announced that both parties have reached a definitive agreement, which stipulates that Grover will no longer be associated with BharatPe in any capacity and will not hold any shares in the company.
As part of the settlement, certain shares owned…
In a recent ruling, the District Consumer Disputes Redressal Commission in Dakshina Kannada, Karnataka, has ordered popular sportswear retailer Decathlon to compensate a customer ₹35,000 for failing to deliver a pair of trousers worth ₹1,399. This decision highlights the importance of customer service and accountability in the retail sector.
The Case of Mohith: A Customer’s Ordeal
The case…
BYJU’S insolvency resolution professional (IRP), Pankaj Srivastava, has removed Glas Trust Co, a consortium of US-based lenders, from the committee of creditors (CoC) overseeing the troubled edtech startup’s bankruptcy proceedings. This decision came after Srivastava determined that Glas Trust did not meet the minimum 51% threshold of lenders required in the $1.2 billion Term Loan B (TLB)…
A heated controversy has emerged in India’s digital navigation industry, centered around the new Ola Maps launched by Ola Electric. Rohan Verma, CEO and Executive Director of MapmyIndia, has publicly denounced Ola’s map as a “gimmick,” sparking a significant legal dispute between the two companies. The conflict underscores the competitive and high-stakes nature of the digital navigation…
In a significant legal clash, India’s premier mapping application, MapMyIndia, has accused ride-hailing giant Ola of illegally reverse engineering its mapping data and using it to develop Ola Maps, the company’s newly launched indigenous mapping service. The allegations have surfaced following Ola’s recent introduction of Ola Maps, a move that was previously heralded as a major step towards…
