Ashneer seeks waiver of shareholding rule in case against BharatPe

BharatPe's ex-MD Ashneer Grover has asked NCLT to waive a shareholding requirement under the Companies Act to pursue a case of oppression and mismanagement against the startup. A shareholder is required to hold at least 10% of the issued share capital of the company to file such a case. Grover has accused BharatPe's majority shareholders of oppressing the minority shareholders.