Kotak Mahindra Bank Takes "Legal Action" Against BharatPe Co-Founder
NDTV
Last week, an audio clip surfaced on social media where a couple is purportedly speaking to what appears to be a relationship manager from a bank.
Kotak Mahindra Bank on Sunday said it is pursuing "legal action" against co-founder and managing director of the fintech Bharatpe Ashneer Grover and his wife Madhuri in connection with the abusive call matter.
The lender acknowledged that the couple had on October 30 sent a legal notice to it, without elaborating on the reasons for the same. According to media reports, the couple had accused the bank of failing to secure finance and allocation of shares in the Nykaa initial public offer (IPO) and sought Rs 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 the city-headquartered lender said.
It, however, did not elaborate on the exact point over which the legal action is being pursued.