Oneindig Technologies MD Served Legal Warrant
Oneindig Technologies Ltd announced that its Managing Director has been served with a legal warrant by the District Consumer Disputes Redressal Commission, Faridabad. The warrant is related to an alleged non-compliance of an order dated January 8, 2025, in an execution petition under the Consumer Protection Act, 2019. The company states that it was never served with notice of the complaint or the order, and therefore, compliance was not initiated. Oneindig Technologies has filed an application for the recall and cancellation of the warrant, along with objections and an application to set aside the order. The company asserts that this matter is not expected to have any material impact on its financial or operational performance, as operations continue normally.
Key Highlights
- Managing Director served with a legal warrant by consumer commission.
- Warrant relates to alleged non-compliance of a prior order.
- Company claims no prior notice or service of the order.
- Legal action initiated for recall and cancellation of the warrant.
- No material impact expected on company's operations or financials.
Price Impact
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