Does Ashneer Grover Want BharatPe’s Banking License to Be Cancelled?

The tussle between BharatPe founder Ashneer Grover and the board members of the company doesn't seem to be ending soon.

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BharatPe's founder and former managing director Ashneer Grover wants the removal of co-founder Bhavik Koladiya from the board of directors.

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Otherwise, he will write to the Reserve Bank of India to cancel BharatPe's banking license and applied payment aggregator's license.

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According to the report, shares of Bhavik Koladiya were bought in pre-series A funding by Ashneer Grover, co-founder Shashvat Nakrani and an angel investor Beenext.

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Grover resigned from the company he founded after losing the arbitration in Singapore he filed against BharatPe.

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Koladiya was recently charged with credit card fraud in the US, after which he was taken off the BharatPe board.

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