Bengaluru Court Restrains Swiggy from Assigning Third-Party Rights on ESOPs of Former Assistant VP

In a significant legal development, a Bengaluru city civil and sessions court has passed an interim order temporarily restraining Swiggy, the popular food delivery platform, from transferring or creating any third-party rights over the employee stock options (ESOPs) held by Arun Cyril, a former Assistant Vice President of the company. This legal move comes as part of a suit filed by Cyril challenging his termination from the company and the…