6 & 7 June 2007
START DATE
END DATE
15-Jun-07
Dundee Leeds Management Services et al v. Nitin Aggarwal
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
Court of Appeal for Bermuda
Commercial Law
Zacca P Evans JA Ward JA
FACTS OF THE CASE:
Between 1993 and 1998 Nitin Aggarwal developed the Leeds Group which was sold to Dundee Bank in 1998. A dispute arose over Aggarwal's termination in 2002 leading to legal proceedings over allegations of financial misconduct and the proper calculation of a termination payment
SUMMARY:
The court examined whether Aggarwal's actions constituted 'gross misconduct' or 'dishonesty' justifying his dismissal without cause
OUTCOMES:
Aggarwal was awarded $858335 under the Profit Participation Plan with the court finding the allegations of financial wrongdoing insufficient for dismissal
RULED IN FAVOUR OF:
In favour of Nitin Aggarwal
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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Dundee Leeds Management Services et al v. Nitin Aggarwal
Between 1993 and 1998 Nitin Aggarwal developed the Leeds Group which was sold to Dundee Bank in 1998. A dispute arose over Aggarwal's termination in 2002 leading to legal proceedings over allegations of financial misconduct and the proper calculation of a termination payment