Wipro has initiated legal proceedings against its former CFO, Jatin Dalal

Court is scheduled to hear case between Wipro and Jatin Dalal on January 3

Jatin Dalal has requested matter related to Wipro to be referred to arbitration

Wipro, the Bengaluru-based technology services provider, has initiated legal proceedings against its former CFO, Jatin Dalal, in the city’s Civil Court, as stated in an official company announcement.

The court is scheduled to hear the case between Wipro and Jatin Dalal on January 3, 2024. Dalal, who concluded a 20-year tenure at Wipro in various roles, resigned from the company and assumed the position of CFO at Cognizant on December 1, contributing to the recent series of high-profile departures from Wipro.

In response to the legal action, Jatin Dalal has requested the matter related to Wipro to be referred to arbitration.

Wipro has been in the spotlight recently amid speculations about potential changes in its top management. On December 22, the company’s stock experienced a 7% surge following rumors of former L&T Infotech CEO Sanjay Jalona’s possible appointment. However, Wipro officially denied these reports over the weekend.

The legal dispute with its former CFO and the ongoing rumours about leadership changes contribute to the evolving narrative around Wipro, further intensifying the scrutiny on the company’s strategic decisions and organizational stability.