Bengaluru court lifts interim order against Swiggy on disputed ESOPs

NT Correspondent

Bengaluru

A Bengaluru court has lifted an interim order that had prevented food delivery startup Swiggy from creating any third-party rights or charges on the Employee Stock Ownership Plan (ESOP) of a former Assistant Vice-President it had terminated earlier this year.

On December 2, the Bengaluru City Civil and Sessions Court vacated the interim injunction it had issued in response to a suit filed by a former Swiggy employee. The employee, who had worked at the company from 2015 to 2024, challenged his termination and the subsequent cancellation of his ESOPs as reported by the Bar and Bench. The employee argued that his termination was unlawful and that his stock options were wrongfully annulled.