BharatPe Co-Founder Nakrani Supports CEO Amid Face-Off With Ashneer Grover
NDTV
Mr Nakrani confirmed that he has not given any consent or demand for removal of Suhail Sameer from the Board
A day after Ashneer Grover, the embattled co-founder of BharatPe sought removal of CEO Suhail Sameer from the Board, the fintech startup's other founder Shashvat Nakrani has thrown his weight behind the chief executive, saying the official continues to enjoy his confidence.
In a move that is expected to complicate Mr Grover's pursuit to oust Sameer as both the founders need to consent jointly to remove the CEO, Mr Nakrani asserted that he himself has not given any consent or demand for such removal and that the CEO continues to enjoy his support.
Legal experts contend that the CEO cannot be removed from the board on the sole demand of Ashneer Grover and any such removal can only be done jointly by both the co-founders. Lawyers also confirmed that if the CEO is a nominee of both founders, then one founder's unilateral withdrawal is not valid under the law.
When contacted, Mr Nakrani confirmed that he has not given any consent or demand for removal of Suhail Sameer from the Board.
