Versuchen GOLD - Frei
Ex-StanChart Research CEO Moves for Insolvency Over Dues
Mint Mumbai
|August 05, 2025
Amit Bansal, the recently terminated chief executive officer of Standard Chartered Research and Technology India Pvt. Ltd (SCRTIPL—known as Solv), has approached the National Company Law Tribunal (NCLT) seeking insolvency proceedings against his former employer.
Bansal has alleged non-payment of dues and wrongful termination in his filing under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016.
He has sought ₹1.05 crore in unpaid and statutory dues—including ₹12.4 lakh in salary up to his termination date, three months' notice period pay of ₹54.9 lakh, and encashment of 45 days' unavailed leave of ₹38 lakh.
Bansal has also sought compensation for 832,330.5 vested employee stock options (Esops), valued at ₹24.9 crore, alleging these were lawfully earned but "wrongfully denied or forfeited" by Solv. His total claim aggregates to ₹25.95 crore.
Bansal insisted that Solv acknowledged liability for due salary, notice, and leave encashment in correspondence but failed to pay, while "wrongfully" denying his vested Esops without justification.
The NCLT will assess whether Bansal's claims are recognized as "operational debt" under the IBC and if any default on payment justifies insolvency proceedings.
Admission of the case could subject Solv to a court-supervised resolution, potentially altering management or asset ownership.
Diese Geschichte stammt aus der August 05, 2025-Ausgabe von Mint Mumbai.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint Mumbai
Mint Mumbai
'FPIs, capex and earnings will drive markets up in Samvat 2082'
India is a market where exit is easy but entry is tough, says Nilesh Shah, MD of Kotak Mahindra AMC, the fifth-largest mutual fund based on quarterly assets under management (AUM) as of September-end.
4 mins
October 13, 2025
Mint Mumbai
Dissent aside, Tata Trusts keen to keep Tata Sons private
Tata Trusts remains committed to its decision to keep Tata Sons private, two Tata executives told Mint, hours after the Shapoorji Pallonji Group issued a public statement seeking a public share sale of the Tata Group holding company.
2 mins
October 13, 2025
Mint Mumbai
What the govt's capex growth does not reveal
The government's capital expenditure has surged sharply in the first five months (April-August) of FY26. It has already spent nearly 39% of the annual outlay of 11.2 trillion, a 43% year-on-year jump.
2 mins
October 13, 2025
Mint Mumbai
US seeks inventory model for e-comm
Negotiators cite 'level playing field', move may raise competition
2 mins
October 13, 2025
Mint Mumbai
EQT scraps Zelestra India sale, to pump in $600 mn
For scraps
2 mins
October 13, 2025
Mint Mumbai
INSIDE NADELLA'S AI RESET AT MICROSOFT
Earlier this month, Microsoft promoted Judson Althoff, its longtime sales boss, to chief executive of its commercial business, consolidating sales, marketing and operations across its products. The move was designed gence.
3 mins
October 13, 2025
Mint Mumbai
H-IB fee hike Trump's second blow to gems & jewellery firms
Losing sparkle
2 mins
October 13, 2025
Mint Mumbai
Slow drive for e-trucks as local sourcing rule bites
E-truck manufacturers wary of ambitious indigenization due to concerns over tepid demand
2 mins
October 13, 2025
Mint Mumbai
YOGA, AYURVEDA—INDIA CAN LEAD THE WISDOM ECONOMY
I was watching a video of a meditation studio in Manhattan when it struck me yet again. Twenty people, mostly American professionals, sitting cross-legged on expensive mats, were following breathing techniques that our grandparents and ancestors practised every morning.
2 mins
October 13, 2025
Mint Mumbai
Existing investors pour in $40 million into Dezerv
Wealth management platform Dezerv has raised ₹350 crore (about $40 million) in a new funding round from its existing investors, the company's top executive told Mint.
1 mins
October 13, 2025
Listen
Translate
Change font size