BENGALURU: Wipro is in the process of finalising a settlement agreement with former CFO Jatin Dalal and former healthcare head, Mohd Haque. The pact is expected to be executed within this week among Wipro, Cognizant, Dalal, and Haque, sources told TOI.
In a lawsuit filed in a Bengaluru court, Wipro is seeking Rs 25 crore from Dalal for breach of contract as he joined Cognizant as CFO immediately after leaving Wipro on Nov 30.The claim is based on the value of RSUs and PSUs granted to Dalal since he became CFO in 2015.
Wipro has also filed a complaint against Haque for violating non-compete clauses by joining Cognizant, a direct competitor. Following an order from the Bengaluru civil court in Jan, Dalal invoked his rights to an arbitral tribunal.
Separately, Wipro’s law firm, Wilson Sonsini Goodrich & Rosati, has requested a US court to deny Haque relief for breach of his employment agreement, arguing that the employment contract was unsigned. They have asked the judge to dismiss Haque’s claim to arbitration and transfer the case to the Central District of California.
In a declaration filed in the US court, Haque stated that he never signed the employment agreement. He took on the role of chief commercial officer at Cognizant on Aug 1, which involves a broader range of responsibilities, and higher earning potential. An email sent to Wipro and Cognizant didn’t elicit a response till the time of going to press.
In a lawsuit filed in a Bengaluru court, Wipro is seeking Rs 25 crore from Dalal for breach of contract as he joined Cognizant as CFO immediately after leaving Wipro on Nov 30.The claim is based on the value of RSUs and PSUs granted to Dalal since he became CFO in 2015.
Wipro has also filed a complaint against Haque for violating non-compete clauses by joining Cognizant, a direct competitor. Following an order from the Bengaluru civil court in Jan, Dalal invoked his rights to an arbitral tribunal.
Separately, Wipro’s law firm, Wilson Sonsini Goodrich & Rosati, has requested a US court to deny Haque relief for breach of his employment agreement, arguing that the employment contract was unsigned. They have asked the judge to dismiss Haque’s claim to arbitration and transfer the case to the Central District of California.
In a declaration filed in the US court, Haque stated that he never signed the employment agreement. He took on the role of chief commercial officer at Cognizant on Aug 1, which involves a broader range of responsibilities, and higher earning potential. An email sent to Wipro and Cognizant didn’t elicit a response till the time of going to press.
