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Rajiv Bansal Against Infosys For His Rs.12 Crore Pay Due

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Rajiv Bansal, Former CFO, Infosys, is fighting for his held back severance pay of Rs.12 crores by the company. He appealed to a legal bench led by Mr.RV Ravvendran, Former Judge of Supreme Court, to solve the dispute. The first meeting for the negotiation is scheduled in May according to some sources, Nishith Desai Legal Associates are representing Infosys.

In 2015, Mr.Bansal left Infosys and the company agreed to pay him a severance of Rs.17.38 crores, which is equivalent to his two-year pay. They paid him just Rs.5 Crore and kept the remaining payment on hold.

Infosys clarifies Mr.Rajiv’s payments were suspended for some pending clarifications regarding some rights and obligations. Co-Founder Mr. Narayana Murthy says “The amount is very high, others think that the pay is for preventing to disclose authentic information and also scolded the board for not disclosing all information respect to it.”

Early this year, Infosys had admitted about an element of subjectivity which had influenced the severance pay granted to Mr. Rajiv Bansal. They also placed a policy to ensure that it won’t be repeated again.

Mr. Bansal has chosen the arbitration over the court orders because it will solve the issue quickly and privately. Time bound arbitrations are provided by the Arbitration Act.

Also Read: 7 Interesting Things Owned By The Richest Man In India, Mukesh Ambani

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Zoho Pay Debuts as India’s New UPI Challenger, Taking on PhonePe, Paytm, and Google Pay

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Zoho Payment

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In the competitive digital payments market, Zoho Pay differentiates itself through its tight business software integration with apps like Zoho Books, Zoho Payroll, and Zoho Commerce, offering small businesses unified access to payments, billing, and accounting. The company is also expanding its reach with POS devices for merchants featuring UPI QR, card payments, and instant reconciliation tools. With founder Sridhar Vembu’s vision of a ‘Chat + Pay’ ecosystem, Zoho Pay reflects a bold step toward redefining India’s fintech scene with a secure, ad-free, and locally developed alternative to global payment platforms.

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Meta Expands AI-Powered Reels Translation to Hindi and Portuguese, Enhancing Global Creator Reach

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Dunzo’s Collapse: Reliance’s ₹1,645 Crore Loss Signals Challenges in India’s Hyperlocal Delivery Market

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Startup Stories

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