Nykaa Fashion Ltd has filed a lawsuit against its ex-Chief Business Officer (CBO), Gopal Asthana, in the Bombay High Court.
The company alleges that Asthana, now leading Tata Cliq, misused confidential Nykaa data and poached its former employees. Nykaa demands the return of ₹19 crore in stock options and seeks ₹5 crore in damages for lost goodwill. The Court appointed Justice Akil Kureshi as the arbitrator to resolve the dispute. Asthana agreed to interim relief without admitting fault. The case will proceed through arbitration in Mumbai.