Each Grover and his spouse Madhuri Jain who have been ousted from the fintech startup final yr have been current on the courtroom listening to on Thursday morning.
The defendants had filed condonation of delay functions, which was admitted by the courtroom after no objection raised by the plaintiff’s counsel.
Over the past listening to on January 18, the Delhi Excessive Court docket restricted Grover from creating any third-party rights or curiosity on shares ‘transferred’ to him by Koladiya. Koladiya filed a go well with to reclaim the disputed shares, saying Grover has not paid for the shares as per the settlement.
The case is being heard by a single-judge bench of Justice Prateek Jalan. The matter can be listed subsequent on April 11 earlier than the joint registrar and earlier than the courtroom on Could 9.
ET completely reported on January 17 that Koladiya has filed a case towards Grover, and was trying to reclaim his shares within the firm.
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Koladiya had based the fintech agency in 2017. Shortly thereafter Koladiya, who held a 30.21% stake within the firm, needed to exit the cap desk owing to his previous conviction for bank card fraud within the US, ET had earlier reported.Grover had resigned from the corporate’s board of administrators and his place as former managing director of the corporate in March final yr.