1. Rentomojo Cofounder Ajay Nain Files NCLT Petition to Stall Company's IPO, Alleges Mismanagement
Days before Rentomojo filed its draft IPO papers, cofounder Ajay Nain moved the National Company Law Tribunal (NCLT) in Bengaluru, seeking to halt the public offering. Nain, who left the company in 2018, has filed a petition alleging oppression and mismanagement, directly challenging the company's leadership on the cus...