Ex-CJI Ramana to Arbitrate Hero Group ESOP Dispute

Imagine a company promised a former employee, Mr. Jain, shares in the company instead of cash.

These shares are like special rewards, called ESOPs.

Later, the company said they'd give him cash instead.

But Mr. Jain didn't think the cash amount was fair.

So, they went to court.

Now, a very important person, a former Chief Justice, will act as a judge to decide if the cash is a good deal for Mr. Jain, or if he should get the shares.

This is because he had an agreement, which he believed gave him the shares, but the company wanted to pay him cash.

The court agrees with Jain, meaning the old ESOP policy applies.