Archive · 5 Aug 2025
Former Solv CEO Seeks Insolvency Over Unpaid Dues
Amit Bansal, who used to be the boss at Standard Chartered Research, is now asking a special court for help.
He says his old company, Solv, owes him money, like unpaid salary and money for unused vacation days.
He's also upset because he believes he was wrongly fired and wasn't given stock options he earned.
In total, he's claiming they owe him a lot of money.
The court will now decide if what Bansal is claiming is a real debt, and if so, if the company should face more serious legal issues because of it.
Former Standard Chartered Research CEO Amit Bansal seeks insolvency proceedings against his former employer, Solv.
Bansal claims ₹1.05 crore in unpaid dues, including salary, notice pay, and leave encashment.
He also seeks compensation for ₹24.9 crore worth of vested employee stock options (ESOPs).
Bansal alleges wrongful termination and denial of ESOPs by Solv.
The NCLT will determine if the claims constitute 'operational debt' justifying insolvency proceedings.
- Who
- Amit Bansal, former CEO of Solv, and Solv (Standard Chartered Research and Technology India Pvt. Ltd).
- What
- Amit Bansal is seeking insolvency proceedings against Solv, alleging unpaid dues and wrongful termination.
- When
- The filing occurred recently; specific dates are not mentioned in the article.
- Where
- The case is before the National Company Law Tribunal (NCLT).
- Why
- Bansal alleges non-payment of dues and wrongful termination.
Amit Bansal's Claims
Solv's Response (Implied)
Unpaid Dues
Amit Bansal's Claims
Non-payment of due salary, notice pay, and leave encashment.
Solv's Response (Implied)
Unspecified in article, but implies denial of Bansal's claims.
ESOPs Dispute
Amit Bansal's Claims
Wrongful denial of lawfully earned and vested ESOPs.
Solv's Response (Implied)
Unspecified in article, but implies a disagreement with Bansal's view.
Termination
Amit Bansal's Claims
Wrongful Termination
Solv's Response (Implied)
Unspecified in article, but implies Solv's perspective on the termination.
- Claimant
- Amit Bansal
- Former Employer
- Solv (SCRTIPL)
- Dues Claimed
- ₹1.05 crore (unpaid dues)
- ESOPs Claim
- ₹24.9 crore
- Total Claim
- ₹25.95 crore
- Legal Body
- National Company Law Tribunal (NCLT)