Ex- Director held liable for misappropriation of the source code of the software by hacking

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The Indian company and the local company at the South East Asian country entered into MOU along with an Equipment supply Agreement for supply of Caller Ring Back Tone, according to which the Indian Company shall sell and local company shall purchase the Caller Ring Back Tone System (CRBT); Management System for Monitoring, Managing and provisioning of services for installation and commissioning of the system at the South East Asian country. Incidentally, the agreements etc. were signed by the Ex-Director on behalf of the Indian Company.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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