The Vault · 2026-03-28 10:26:58 · Inc42
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...
The Office · 2026-04-23 13:24:07 · Inc42
RentoMojo faces a serious legal obstacle to its planned IPO after cofounder and former COO Ajay Nain filed a petition before the National Company Law Tribunal's Bengaluru bench, alleging he was forcibly pushed out of the furniture and appliance rental startup through what he describes as a misleading and undervalued sh...
The Office · 2026-04-24 03:27:32 · Inc42
RentoMojo's path to the stock exchange has encountered a serious legal obstacle. Cofounder and former Chief Operating Officer Ajay Nain has filed a petition before the National Company Law Tribunal (NCLT), alleging he was pressured into selling his 9.41% stake in the company for a fraction of its actual worth. The peti...