BENGALURU: Wipro has filed a go well with towards its former CFO Jatin Dalal within the civil court docket in Bengaluru, following which Dalal has filed an utility, asking the court docket to refer the matter to arbitration.
The grounds for the go well with stay unclear, however the arguments from each the events have been heard and the subsequent listening to is scheduled on January 3, when the court docket will move an order on whether or not the matter needs to be referred to arbitration.Arbitration is using an arbitrator, as an alternative of a judicial court docket, to resolve a dispute, and this technique can be utilized if the employment contract gives for it.
Dalal joined Cognizant as CFO on December 1. The primary listening to within the case was held on November 28. In early December, Dalal filed an utility below Part 8 of the Arbitration and Conciliation Act 1996 that gives powers to the judicial authority to direct the events to arbitration.
An e-mail to Wipro and Cognizant on the matter didn’t elicit a response until the time of going to press.
Dalal studies to Cognizant CEO Ravi Kumar. A two-decade previous veteran at Wipro, Dalal had served as CFO since 2015 and assumed extra obligations as president from 2019. At Cognizant, he’s anticipated to maneuver to the US or UK as soon as visa formalities are accomplished.
Wipro additionally just lately filed a criticism towards Mohd Haque, its former senior vice-president (SVP) and head of healthcare and medical units for the Americas, for violating non-compete covenants by becoming a member of Wipro’s direct competitor, Cognizant, because the SVP and enterprise unit head for all times sciences. Wipro additionally alleged that he uploaded and emailed “seven recordsdata” from his private Gmail account, in violation of his employment contract.
Just a few years in the past, former Infosys CFO Rajiv Bansal invoked his rights to an arbitral tribunal to contest choice of Infosys to droop the fee of about Rs 12 crore of the severance pay that was promised to him on the time of his leaving in 2015.
Infosys had agreed to pay him Rs 17.3 crore as severance, nevertheless it disbursed solely Rs 5 crore of it, and held again the remaining, accusing Bansal of breach of confidentiality agreements and deletion of knowledge from official techniques. The arbitrator dominated in his favour.
The grounds for the go well with stay unclear, however the arguments from each the events have been heard and the subsequent listening to is scheduled on January 3, when the court docket will move an order on whether or not the matter needs to be referred to arbitration.Arbitration is using an arbitrator, as an alternative of a judicial court docket, to resolve a dispute, and this technique can be utilized if the employment contract gives for it.
Dalal joined Cognizant as CFO on December 1. The primary listening to within the case was held on November 28. In early December, Dalal filed an utility below Part 8 of the Arbitration and Conciliation Act 1996 that gives powers to the judicial authority to direct the events to arbitration.
An e-mail to Wipro and Cognizant on the matter didn’t elicit a response until the time of going to press.
Dalal studies to Cognizant CEO Ravi Kumar. A two-decade previous veteran at Wipro, Dalal had served as CFO since 2015 and assumed extra obligations as president from 2019. At Cognizant, he’s anticipated to maneuver to the US or UK as soon as visa formalities are accomplished.
Wipro additionally just lately filed a criticism towards Mohd Haque, its former senior vice-president (SVP) and head of healthcare and medical units for the Americas, for violating non-compete covenants by becoming a member of Wipro’s direct competitor, Cognizant, because the SVP and enterprise unit head for all times sciences. Wipro additionally alleged that he uploaded and emailed “seven recordsdata” from his private Gmail account, in violation of his employment contract.
Just a few years in the past, former Infosys CFO Rajiv Bansal invoked his rights to an arbitral tribunal to contest choice of Infosys to droop the fee of about Rs 12 crore of the severance pay that was promised to him on the time of his leaving in 2015.
Infosys had agreed to pay him Rs 17.3 crore as severance, nevertheless it disbursed solely Rs 5 crore of it, and held again the remaining, accusing Bansal of breach of confidentiality agreements and deletion of knowledge from official techniques. The arbitrator dominated in his favour.
