Delhi High Court issues bailable warrants against three Micromax founders

NEW DELHI: The Delhi High Court has issued bailable warrants against three Micromax promoters - Sumeet Kumar, Rahul Sharma and Vikas Jain - in a matter of contempt on its earlier order of November 2014.

The case pertains to the payment of royalty to a suit filed by telecom giant Ericsson on the sale of its handsets to Micromax.

Interestingly, the Delhi High court has restrained Micromax’s subsidiary YU Televentures from importing and selling mobile handsets and other devices that infringe Ericsson’s registered patents without paying royalty.

“YU Televentures was liable to pay Ericsson the same royalties as Micromax and posted the matter for further hearing on 15 December 15,” said Justice Waziri.

Micromax’s subsidiary was liable to pay Ericsson the same royalties as Micromax and posted the matter for further hearing on December 15.

On November, 2014, the High Court had asked Gurgaon based handset maker Micromax to pay a royalty that amounts up to 1% of the selling price of its devices to Ericsson for using the Swedish equipment maker's patents on technologies that are essential to manufacture the products. The amount was fixed at Rs. 55 crore after negotiation by the two parties.