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63 Moons Technologies Ltd.

BSE: 526881 Sector: IT
NSE: 63MOONS ISIN Code: INE111B01023
BSE 15:53 | 27 Mar 2018 63 Moons Technologies Ltd
NSE 05:30 | 01 Jan 1970 63 Moons Technologies Ltd

Litigation - Alleged Infringement of Copyrighted work of Modulus USA

July 4, 2016, 6:54 pm | Source: BSE

Financial Technologies (India) Ltd has informed BSE that the Company has received copy of Notice of Motion and Suit filed by Modulus Financial Engineering Inc USA (Modulus) at the Honble High Court Bombay alleging infringement of Copyright of software with reference to the license Agreements entered into with them since 2008.

The Company denies any such infringement as alleged and is taking appropriate measures in consultation with the legal Counsel of the Company. The Company believes that the impact of the suit is currently not readily ascertainable.