Connect with us

Hi, what are you looking for?

BUSINESS

Wipro, ex CFO Dalal referred to arbitration over alleged non-compete clause breach

CFO Dalal
Wipro Ltd logo is seen displayed in this illustration taken, April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Wipro, ex-CFO Dalal, referred to arbitration over an alleged non-compete clause breach. According to a civil court judgment issued on Wednesday in the southern Indian city of Bengaluru, Wipro (WIPR.NS) will move to arbitration with its former CFO Jatin Dalal after he joined competitor Cognizant (CTSH.O).

Wipro claimed in November that Dalal’s employment as Cognizant’s CFO breached a non-compete provision that listed ten of Wipro’s competitors and said that he could not work in any capacity with them for 12 months after his departure.

Dalal joined Cognizant on December 1, following his last day at Wipro.

Wipro requested 251.5 million rupees ($3.02 million) in damages plus interest and a permanent injunction barring Dalal from sharing company-sensitive information with Cognizant.

Dalal’s contract with Cognizant is structured similarly to his deal with Wipro. In response, Dalal stated in November that non-compete provisions were unlawful because they violated Section 27 of the Indian Contract Act.

He requested arbitration because the agreements he signed provided for this mode of dispute settlement.

This is Wipro’s second such suit against former top executives. Wipro filed a case in the United States District Court for the District of New Jersey last month against Mohd Haque, the company’s former healthcare and medical devices sector leader, who subsequently joined Cognizant. Wipro, Cognizant, and Dalal did not reply promptly to requests for comment.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The future of technological innovation is here. Be the first to discover the latest advancements, insights, and reviews. Join us in shaping the future.
SUBSCRIBE

You May Also Like

BUSINESS

U.S. stocks finished slightly higher on the first trading day of October as Treasury yields pulled back from their highest levels in more than...

BUSINESS

Xiaomi has unveiled its latest flagship smartphones, the Xiaomi 18 Pro and Xiaomi 18 Pro Max, combining Qualcomm’s newest Snapdragon processors with dual 200MP...

AI

ByteDance has raised $29.6 billion from nearly 30 banks as the TikTok owner increases spending on artificial intelligence and overseas infrastructure. The financing started...

News

Spotify experienced a major service disruption that generated thousands of outage reports per minute, with users across multiple countries reporting problems accessing key features...

THE WHIZORD NEWSLETTER

The next big thing.
In your inbox.

AI developments, technology news, and reviews worth your attention.

SUBSCRIBE

The future of technological innovation is here. Be the first to discover the latest advancements, insights, and reviews. Join us in shaping the future.