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

[{"selector":"#anim-8b6b21ae-be20-4e05-bbcd-86488f6c1733","keyframes":{"opacity":[0,1]},"delay":0,"duration":2200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7b38fed5-092a-45b8-a749-2e516c86c4d4","keyframes":{"transform":["translate3d(-117.37705%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0d85dae3-7d2f-446d-a4c0-8969cb975d96 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(36.768958774131455%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The tussle between BharatPe founder Ashneer Grover and the board members of the company doesn't seem to be ending soon.

[{"selector":"#anim-f722f35c-326f-408c-b074-520fb8330b77 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(32.44201021339127%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6648a184-e30b-40ba-adbe-6a3509940013","keyframes":{"opacity":[0,1]},"delay":0,"duration":2200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b41c70d-ea67-4414-a046-ddac40392738","keyframes":{"transform":["translate3d(-117.37705%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] BharatPe's founder and former managing director Ashneer Grover wants the removal of co-founder Bhavik Koladiya from the board of directors.

[{"selector":"#anim-861fe2a5-c2f6-4e0d-8de2-d7ba5209fc04 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(52.85221344581185%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Otherwise, he will write to the Reserve Bank of India to cancel BharatPe's banking license and applied payment aggregator's license.

[{"selector":"#anim-76281cdf-763a-4109-9428-57b05f3b0396 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(29.59049469680737%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] 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.

[{"selector":"#anim-d86dc73e-897b-478c-bf3d-9e16ad59887c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-295be43e-8e0f-415f-b4cc-36b1ebbb30fb","keyframes":{"opacity":[0,1]},"delay":0,"duration":2200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-755cccba-70e4-4ce9-b4ad-717a4c909467","keyframes":{"transform":["translate3d(-117.37705%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Grover resigned from the company he founded after losing the arbitration in Singapore he filed against BharatPe.

[{"selector":"#anim-f6e1fbd3-4520-4f3d-87a5-3320079d3a9e","keyframes":{"opacity":[0,1]},"delay":300,"duration":2200,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8c65ec26-0342-4e5b-92b5-96cf8a14a1f2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(38.57421862200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2f8be65d-b2de-4c31-822f-58f62d3e91b3","keyframes":{"opacity":[0,1]},"delay":0,"duration":2200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-802c26b1-f9e9-4180-950b-ddcfe1f80e20","keyframes":{"transform":["translate3d(-117.37705%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Koladiya was recently charged with credit card fraud in the US, after which he was taken off the BharatPe board. Source: Outlook