Bengaluru Court Bars Swiggy from Alienating ESOPs of Terminated Executive

A Bengaluru court has barred Swiggy from creating third-party rights over the Employee Stock Ownership Plan (ESOP) shares of a terminated executive. The executive, who was removed from his position, claimed that Swiggy's actions regarding his ESOPs were unjust and sought legal intervention. The court's order prevents Swiggy from transferring or alienating the ESOPs until the matter is resolved. This case highlights the complexities and legal challenges surrounding ESOPs in employment disputes, emphasizing the need for clear policies and fair practices in managing employee equity.