Bengaluru court refers Wipro vs Jatin Dalal case to arbitration

BENGALURU: The Bengaluru City Civil Court on Wednesday referred IT major Wipro’s lawsuit against former chief financial officer (CFO) Jatin Dalal to arbitration. Wipro has demanded Rs 25.15 crore in damages along with 18% interest from Dalal for violating a clause in his employment contract. Dalal has joined the company’s rival Cognizant.

The suit was filed by the IT company at the end of November and Dalal had requested the court to refer the matter to arbitration. The non-compete clause prevents Dalal from joining a rival within one year of leaving the company and failing which he would be liable to compensate the company with value of the Restricted Stock Units (RSU) allotted to him or the sum of his total remuneration in the previous 12 months.