Published: 12/3/15
Publication: Financial Express
In a major setback for the promoters of home-grown handset maker Micromax, the Delhi High Courton Wednesday issued bailable warrants against three of them — Sumeet Kumar, Rahul Sharma and Vikas Jain — in a matter of contempt on its earlier order of November 2014 relating to payment of royalty to Swedish technology major Ericsson on the sale of its handsets. It also restrained Micromax’s subsidiary firm YU Televentures from importing and selling mobile handsets and other devices that infringe Ericsson’s registered patents without paying royalty. Justice Najmi Waziri, while issuing the bailable warrants, observed that YU Televentures was liable to pay Ericsson the same royalties as Micromax and posted the matter for further hearing on December 15, when the three promoters need to be present.