Ashneer Grover Assures Delhi High Court He Will Comply With Confidentiality Clause Of Employment Agreement With BharatPe

Former Managing Director of BharatPe, Ashneer Grover, has assured the Delhi High Court and given an undertaking that he will scrupulously comply with and act in accordance with the confidentiality clause of the employment agreement executed between him and the fintech company.

Justice Sachin Datta was dealing with a plea moved by BharatPe seeking urgent interim injunction restraining Grover from disclosing the confidential information of the fintech company on microblogging platform X.

Grover resigned as the Managing Director of BharatPe on March 01, 2022.

The court was informed by Grover’s counsel that the social media posts ought not to have been made by Grover and that he is willing to tender an apology for the same.

The counsel appearing for BharatPe submitted that Grover has been acting in utter violation of the confidentiality clause of the employment agreement as sensitive confidential information pertaining to the fintech company was put out in public domain by the former MD through social media posts.

BharatPe’s counsel also referred to posts made on X by Grover on November 17 and November 18.

Grover’s counsel questioned the maintainability of the petition which was moved under Section 9 of the Arbitration and Conciliation Act, 1996. It was submitted that arbitral proceedings between the parties were in progress before an arbitral tribunal constituted under a Shareholders Agreement which was the parent agreement.

It was also submitted that the disputes pertaining to the Employment Agreement should also be referred to the same arbitral tribunal.

“This aspect shall be considered on the next date of hearing,” the court said while listing the matter for hearing next on December 22.

In a similar development, Grover tendered an apology before the court for posting allegedly defamatory posts against BharatPe on social media in the defamation suit filed by the fintech company.

Counsel for Petitioner: Mr. Akhil Sibal, Sr. Adv. along with Mr. Anuj Berry, Mr. Sourabh Rath, Ms. Megha Janakiraman, Ms. Bhargavi Vadeyar, Mr. Vibhore Yadav, Mr. Mohit Goel, Ms. Ashavry Jain and Mr. Aparajito Sen, Advs

Counsel for Respondent: Mr. Giriraj Subramanium, Mr. Simarpal Singh Sawhney, Mr. Joy Banerjee, Mr. Ravi Pathak, Mr. Akhilesh Talluri, Mr. Siddhant Juyal and Ms. Urvashi Singh, Advs

Title: RESILIENT INNOVATIONS PRIVATE LIMITED v. ASHNEER GROVER

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