PwC former chief Shyamal Mukherjee moves Supreme Court against firm

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Shyamal Mukherjee, a former chairman of Pricewaterhouse Coopers (PwC) India, has moved the Supreme Court against the firm in a case about settlement benefits when he left the accounting company.

The appeal was filed by Mukherjee on May 16 but the case is yet to be assigned to a bench, the Supreme Court website shows. Mukherjee has challenged the verdicts of Bombay and Karnataka high courts, which ruled in favour of PwC.

The former PwC chairman has alleged that his retirement benefits were not as per the agreement he had with the firm. PwC didn’t provide him with a copy of a limited liability partnership (LLP) agreement between him and PwC and consequently, did not have adequate information on the clauses contained in his agreement, he has claimed.

Mukherjee approached the Bombay High Court in 2024, seeking arbitration. Cases were also filed in the Karnataka High Court since the arbitration agreement had a clause that all disputes should be settled in the jurisdiction of the Karnataka HC.

The Bombay High Court appointed Justice MS Sanklecha as the sole arbitrator. The arbitration award went against Mukherjee, prompting him to move to the Supreme Court.

Mukherjee retired from PWC in 2021 after a 37-year stint. He was PwC India's brand & strategy leader before being made the chairman in 2017.

An email sent to PWC did not elicit an immediate response. Mukherjee, too, did not immediately respond to the messages. The story will be updated once they respond.