Magzter GOLDで無制限に

Magzter GOLDで無制限に

10,000以上の雑誌、新聞、プレミアム記事に無制限にアクセスできます。

$149.99
 
$74.99/年

試す - 無料

Ex-StanChart Research CEO Moves for Insolvency Over Dues

Mint Ahmedabad

|

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.

- Neha Joshi

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.

Mint Ahmedabad からのその他のストーリー

Mint Ahmedabad

PMS firms ask Sebi to review fees paid for index data

The industry body for portfolio management services, or PMS, managers has approached markets regulator Securities and Exchange Board of India to reduce or remove fees paid to exchanges to use their indices to benchmark scheme performance, said four people aware of the development.

time to read

1 mins

November 21, 2025

Mint Ahmedabad

Mint Ahmedabad

TPG to invest $1 bn in TCS's data centre biz

TPG is to pick up a 49% stake in TCS arm HyperVault AI Data Centre

time to read

2 mins

November 21, 2025

Mint Ahmedabad

Lenovo India Q2 revenue jumps 23%

Integrated IT solutions provider Lenovo's India arm on Thursday reported a 23% year-on-year increase in revenue at $1.2 billion in the September quarter, aided by strong demand fuelled by digitisation, premiumisation and improved consumer sentiment following goods and services tax (GST) rejig.

time to read

1 min

November 21, 2025

Mint Ahmedabad

Mint Ahmedabad

Carmakers tap EMs to shield exports amid China threat

Firms are increasingly using India as a cost-competitive manufacturing base and export hub

time to read

2 mins

November 21, 2025

Mint Ahmedabad

Flipkart-backed super.money preps ‘buy now, pay later’ play

Flipkart-backed UPI app super.money is preparing afresh push into buy now, pay later (BNPL) by partnering regulated banks and lenders, as it hunts for its next leg of growth beyond credit on UPI, according to two people aware of the plans.

time to read

2 mins

November 21, 2025

Mint Ahmedabad

KKR to raise $15 bn in new Asia PE fund

KKR has kicked off fundraising for its fifth Asia private equity fund, seeking to raise $15 billion in what would be one of the region's largest buyout fundraisings, three people with knowledge of the matter said.

time to read

1 min

November 21, 2025

Mint Ahmedabad

Mahindra targets 8-fold auto growth

Mahindra Group is aiming for an eight-fold growth in consolidated revenue of its auto sector by FY30 compared to that in FY20, betting big on SUVs and light commercial vehicles.

time to read

1 min

November 21, 2025

Mint Ahmedabad

Decoding Narayana stock spurt

Narayana Hrudayalaya Ltd investors must be in the pink of health.

time to read

2 mins

November 21, 2025

Mint Ahmedabad

Bajaj's arm hires CIO from Kotak

The alternative investment management arm of the Bajaj Group, one of India’s oldest conglomerates, hired a chief investment officer (CIO) from Kotak Alternate Asset Managers Ltd, according to people familiar with the matter, underscoring an intensifying talent battle in the $169 billion asset management industry.

time to read

1 min

November 21, 2025

Mint Ahmedabad

Mint Ahmedabad

Fed’s October rate decision fueled pushback over possible December cut

Divisions over whether the Federal Reserve should cut interest rates next month deepened at officials’ October meeting, leaving a growing contingent—and potentially a narrow majority—of policymakers uncomfortable with a December rate reduction.

time to read

3 mins

November 21, 2025

Listen

Translate

Share

-
+

Change font size