Mumbai police files FIR from Info Edge against Housing.com ex-CEO Rahul Yadav
Info Edge files FIR against Housing.com former CEO Rahul Yadav’s 4B Networks on November 29
Mumbai police files FIR from Info Edge against Housing.com ex-CEO Rahul Yadav, among others in 4B Network's finances
The dispute commenced in early 2023 when 4B Networks, under the leadership of Housing.com founder Rahul Yadav, did not supply essential financial data that Info Edge requested, which possesses a 65 percent ownership in the business.
On November 30, 2024, Info Edge declared that it has lodged an FIR against Rahul Yadav of Housing.com, through an exchange filing.
Info Edge's lodging of an FIR against prominent officials of 4B Networks signifies the latest development in an extended conflict with the proptech enterprise. The disagreement initiated in early 2023 when 4B Networks, guided by Housing.com founder Rahul Yadav, failed to deliver vital financial information asked for by Info Edge, which maintains a 65 percent interest in the company.
The recent FIR, submitted on November 29, 2024, accuses Yadav and other executives of engaging in deceptive practices concerning company funds. Although Info Edge has guaranteed that the FIR will not affect its business activities, the legal assessment introduces an additional layer to the persistent challenges faced by 4B Networks.
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