CosmicTaco

Nykaa Sues Former CBO and Current Tata Cliq CEO for Contract Breach

CosmicTaco · 2024-09-05T14:01:10.709374+05:30

- Nykaa has filed a lawsuit against its former chief business officer, Gopal Asthana, now CEO of Tata Cliq, for breaching confidentiality and misappropriating proprietary data. - The company claims Asthana approached several Nykaa employees to join Tata Cliq, with some making the switch over the past year. - Nykaa seeks a refund of around Rs 19 crore in employee stock option benefits and Rs 5 crore for loss of goodwill. - The Bombay High Court issued an interim order preventing Asthana from hiring Nykaa executives for Tata Cliq. - Asthana denies the allegations, stating they will be addressed in arbitration, and emphasized that Tata Digital is not involved in the lawsuit. Source: [India Times](https://economictimes.indiatimes.com/tech/technology/nykaa-sues-former-executive-asthana-who-now-heads-tata-cliq/articleshow/113072347.cms?from=mdr)

Nykaa has filed a lawsuit against its former chief business officer, Gopal Asthana, now CEO of Tata Cliq, for breaching confidentiality and misappropriating proprietary data.
The company claims Asthana approached several Nykaa employees to join Tata Cliq, with some making the switch over the past year.
Nykaa seeks a refund of around Rs 19 crore in employee stock option benefits and Rs 5 crore for loss of goodwill.
The Bombay High Court issued an interim order preventing Asthana from hiring Nykaa executives for Tata Cliq.
Asthana denies the allegations, stating they will be addressed in arbitration, and emphasized that Tata Digital is not involved in the lawsuit.

Source: India Times

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