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

• 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