Grover, who took a two-month leave in January after being accused of using abusive language against Grover Mahindra Bank Box Being indulging in fraudulent practices and methods of employees, he had filed an arbitration petition Singapore International Arbitration Center (SIAC) claimed the investigation of the company on him was illegal.
Grover’s resignation came in the wake of a leaked audio clip in which he can be heard cursing and threatening an employee of Kotak Group for losing again on the share allotment. IPO FSN E-commerce Ventures, which owns hero,
Grover said the viral audio recording was a hoax and an extortion attempt. However, he eventually erased the message. He served a legal notice to Kotak for failing to provide funds for the Nykaa IPO. The notification was given on October 30, 2021, but it became public only after the release of the audio clip.