New Delhi, Nov. 6 -- BharatPe (RIPL), India's leading full-stack financial services and UPI payments company today said that it welcomes the Delhi High Court Division Bench's decision upholding the protection granted to RIPL and reaffirming the order passed by the Single Judge of the High Court.

The Court has now, on two occasions, declined to permit the Bank and its promoter to proceed on Reserved Matters without RIPL's prior written consent, as required under the Shareholders' Agreement (SHA). The Division Bench also called out Unity Bank's attempt to circumvent SHA obligations and termed it as an "argument of desperation".

Speaking on the court's decision a BharatPe spokesperson said, "The Board must ensure that the Bank complies wit...