₹80 cr security must for BharatPe co-founder Ashneer Grover and wife Madhuri Jain's US Visit

The Delhi High Court Friday asked BharatPe co-founder Ashneer Grover and his wife Madhuri Jain Grover to furnish a security of ₹80 crore by way of property before travelling to the US - separately and only one at a time - for their children's summer school.

Justice Subramonium Prasad also asked the Grovers to submit their Emirates Card so that they did not visit the UAE, as they held a golden visa there. The golden visa for the UAE is a long-term resident permit for foreign nationals, allowing them to live, work, or study.

The couple will also have to submit all the details of their stay, hotels, travel, and phone numbers with the court and the investigative agencies. Besides, the HC also restrained them from creating third party rights on the shares of BharatPe held by them. The court said that one of the parties would stay in India as a "mortgage" while the other travels.


On Wednesday, the HC had allowed the couple to travel separately to the US for their children's summer school after consulting with the Economic Offences Wing (EOW) of the Delhi police regarding their travel conditions. The judge had allowed Ashneer to travel to the US from May 26 to June 12, and Madhuri Jain could travel from June 15 and return on July 1.