Delhi HC restrains Unity SFB share capital move in BharatPe dispute

Delhi HC restrains Unity SFB share capital move in BharatPe dispute



The Delhi High Court has granted interim relief to BharatPe by restraining Unity Small Finance Bank from taking up a board proposal to increase its authorised share capital, pending arbitration over an alleged breach of a shareholders’ agreement.The proposal sought to increase the bank’s authorised share capital from Rs 4,000 crore to Rs 4,900 crore, and amend its memorandum of association to allow for the conversion of certain warrants, due to



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