{
  "id": 18488068,
  "title": "Delhi HC Upholds BharatPe’s Veto Rights In Unity SFB Shareholding Dispute",
  "url": "https://urgent.news/2026/11/06/delhi-hc-upholds-bharatpes-veto-rights-in-unity-sfb-shareholding",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-06T10:02:53.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/delhi-hc-upholds-bharatpes-veto-rights-in-unity-sfb-shareholding-dispute/"
  },
  "original_language": "en",
  "account": "The Delhi High Court has upheld BharatPe's right to veto key decisions at Unity Small Finance Bank (SFB), rejecting the bank's appeal against an interim order. The court's decision came on November 5, barring Unity SFB from presenting a proposed capital restructuring resolution to its board without written consent from BharatPe's parent company, Resilient Innovations (RIPL) and Centrum Financial Services. This ruling reinforces the shareholder rights and governance framework established when Unity SFB was formed in 2021 through a partnership between Unity Bank, RIPL and Centrum. The dispute originated from a Shareholders’ Agreement (SHA) signed in October 2021, which outlines 'Reserved Matters' requiring prior written consent from RIPL and Centrum, including changes to the bank's capital structure and amendments to its constitutional documents. Agenda Item 18 in the dispute proposed raising Unity SFB's authorized share capital from ₹4,000 crore to ₹4,900 crore by issuing additional 90 crore preference shares of ₹10 each. RIPL opposed the proposal, claiming it would dilute its shareholding from 49% to 21%.",
  "summary": "Adding another layer to the ongoing shareholder dispute at BharatPe-backed Unity Small Finance Bank (SFB), the Delhi High Court (HC)…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}