The investors have approached the Orissa High Court, seeking to quash the FIR filed in September last year with the Bhubaneswar Police. The next hearing of the matter is scheduled for January 9.
Sahu's complaint alleges that his signature as a company director was illegally used to finalize NestAway's ₹90 crore sale to proptech firm Aurum on June 28, 2023. He asserted that he resigned from his directorial role on June 19, 2023—over a week prior to the completion of the deal. A copy of the FIR was reviewed by Business Standard.
After its acquisition, NestAway's valuation was reduced by 95 per cent.
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