Nykaa sues ex-CBO Gopal Asthana, accused of breaching confidentiality, seeking refund of stock options and lost goodwill in an ongoing competition with Tata Cliq.

Nykaa has sued its former Chief Business Officer, Gopal Asthana, now at Tata Cliq, for breaching confidentiality and misappropriating data while allegedly encouraging former employees to join Tata Cliq. The lawsuit seeks a refund of approximately ₹19 crore in stock options and ₹5 crore for lost goodwill. The Bombay High Court has temporarily barred Asthana from hiring Nykaa staff. Both companies compete in the beauty and fashion sectors.

Articles

Free Press Journal

Times of India

Hindustan Times

MENAFN

The Economic Times

Livemint

TechStory

Bar & Bench

Business Standard

yourstory.com:443

-- show more --

Economic Times

-- show less --

Further Reading

Related Stories