Rajiv Bansal left Infosys in October 2015, and is already fighting an arbitration case against the IT giant firm for withholding his pending severance package of around Rs 12 crore.
Infosys has been reportedly filed a counterclaim of over Rs 100 crore against its former CFO Rajiv Bansal for alleged breach of confidentiality agreements, reported CNBC.
Rajiv Bansal left Infosys in October 2015, and is already fighting an arbitration case against the IT giant firm for withholding his pending severance package of around Rs 12 crore.
Infosys had agreed to pay him Rs 17.38 crore as severance, the equivalent of 24 months’ pay.
But the firm only disbursed Rs 5 crore, and halted the remaining payment for the reason being that Bansal had not met some of his obligations.
Early in 2017, Bansal invoked his rights to an arbitral tribunal. Supreme Court ex-judge RV Raveendran was appointed as sole arbitrator in April.
In December last year, the Bengaluru headquartered firm filed a settlement application with Sebi to resolve the allegations about not seeking prior approval of its nominations and remunerations committee and the audit committee in relation to the severance agreement and initiation of arbitration under the severance agreement.
Meanwhile, Infosys shareholders have approved the appointment of Salil S Parekh as chief executive officer and managing director of the company, the company has said in a regulatory filing.
As per results of postal ballot and e-voting filed by the IT major, 97.96 per cent shareholders through physical ballot and electronic mode voted in favour of appointment of Parekh on February 20, 2018.
Also, 99.98 per cent Infosys shareholders approved appointment of UB Pravin Rao as chief operating officer and whole time director, the company said in a late evening filing on Thursday.
Infosys had issued notice for seeking shareholders nod for both these appointments.
In his first media interaction after announcement of his appointment as Infosys CEO and MD in January, Parekh had said his immediate priorities would include connecting with employees and clients to build a "road map for future" that will be announced in April.
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 "Infosys files over Rs 100-crore counterclaim against ex-CFO Rajiv Bansal")
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