Karnataka court disposes Wipro’s suit against ex-CFO, refers it for arbitration

Bengaluru: A civil court in Bengaluru has disposed of Wipro’s suit against its former chief financial officer Jatin Dalal by referring the matter for arbitration.

The court allowed an interlocutory application (IA) by Dalal seeking arbitration with his former company on Wednesday.

Referring the matter for arbitration, the court in its order said, “I.A.No.5 filed by the defendant/applicant under Sec.8 of the Arbitration & Conciliation Act, 1996 is hereby allowed. Consequently, by exercising power under Sec.8(1) of the Arbitration & Conciliation Act, 1996, the parties are hereby referred to the arbitration in terms of the arbitration clause in the agreements.”