Kotak Mahindra Bank said that would take legal action against angel investor Ashneer Grover, managing director of financial tech company BharatPe, and his wife Madhuri over an abusive call matter.
The bank acknowledged that the couple had sent a legal notice to them, without elaborating on the reasons for the same on October 30, accusing that the bank failed to secure finance and allocation of shares in the Nykaa IPO, seeking ₹ 500 crore in damages.
“This notice was received by us and was replied to appropriately at the time, including placing on record our objections to inappropriate language used by Grover. Appropriate legal action is being pursued,” a media statement from Kotak Mahindra Bank said.
An audio clip had surfaced last week on social media where a couple was hurling abuses at the relationship manager from a bank rumoured to be associated with Grover, but Ashneer Grover denied any such claims, calling it ‘fake’.
Grover reportedly said that some scamster is trying to extort funds (USD 2,40,000 bitcoins) and that he has more character than that, in a tweet which was later deleted.
BharatPe is a fintech company catering to small merchants in India. It serves over 75 lakh merchants across 150 Indian cities and has already facilitated the disbursement of loans totalling over ₹3,000 crore to these merchants since its launch.
Following this exchange of charges, #UninstallBharatPe began to trend on Twitter. Here’s what netizens have been sharing online about the feud.
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