Infosys ordered to pay Rs. 12.20 crore on losing arbitration
Infosys has been ordered to pay an outstanding severance payment of Rs. 12.20 crore to former Chief Financial Officer (CFO), Rajiv Bansal. This was the result of more than a year-long arbitration between the two parties. Bansal left the company in 2015. He was supposed to get a severance payment of Rs. 17.38 crore at the time of his departure. This is equivalent to 24 months’ pay. But Infosys provided him only Rs. 5 crore and withheld the rest of the amount. They gave the reason that Bansal had not…
Read More