Qualizeal Inc and its leadership gets lawsuit from Cigniti Technologies

Cigniti Technologies

MUMBAI, 1st DECEMBER, 2021 (GPN): With reference to the subject cited, this is to inform the Exchange that at the meeting of the Board of Directors of M/s. Cigniti Technologies Limited held on Wednesday, 1st December, 2021. through video conference ratified the decision of the resolution of the Company’s US subsidiary to proceed with the filing of a lawsuit (DC-21-17023) against its former employees Pradeep Govindasamy, Kalyana Rao Konda, and a related entity QualiZeal Inc.  The claims include breach of contract, breach of fiduciary duty, tortious interference, statutory misappropriation of trade secrets, civil conspiracy, and fraudulent concealment. The Board also authorized Mr. C.V. Subramanyam, Chairman & Managing Director of the company to proceed against the relevant employees, members and entities who were involved and explore the possibility of filing legal claims in the courts.

LINK COPY: https://www.bseindia.com/xml-data/corpfiling/AttachLive/905248b9-5b4a-4e2d-910f-5cb7ad9bcf38.pdf

About the Author

Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.

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