Dalal left Wipro on November 30, 2023, after being with the corporate for 21 years. He joined Cognizant because the CFO in December. A couple of days later, Wipro sued Dalal, accusing him of breaking the non-compete settlement in his work contract. The corporate sought ₹25.15 crore in damages together with 18 per cent curiosity every year until the date of cost.
Wipro sought to acquire damages and injunctive aid arising out of Dalal’s purported breach of non-compete settlement and confidentiality obligations with Wipro by becoming a member of the Firm.
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Reimbursing funds
Cognizant, in a submitting with the US Securities Change Fee, stated that on July 2 the corporate’s Compensation and Human Capital Committee of the Board of Administrators accredited cost of $505,087 to Jatin Dalal in reference to Dalal’s settlement of the lawsuit and associated arbitration introduced by his former employer, Wipro.
The settlement was reached with out admission of legal responsibility by both celebration. The corporate’s cost covers Dalal’s settlement cost to Wipro in addition to reimbursement of his authorized charges, Cognizant stated.
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