“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 ₹ 500 crore in damages.
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