US firm files copyright infringement case against 63 Moons Technologies

MUMBAI: US-based Modulus Financial Engineering Inc has filed a suit against 63 Moons Technologies Ltd at the Bombay High Court alleging infringement of copyright of its software, a charge denied by the latter.

63 Moons Technologies (formerly Financial Technologies (India) Ltd) said it has received a copy of notice of motion and suit filed by Modulus alleging infringement of copyright of its software with reference to the licence agreement entered into with them since 2008, a BSE communique said here.

The Jignesh Shah-promoted company has denied any such infringement and said it is taking appropriate measures in consultation with its legal counsel.

The company said it believes the impact of the suit is currently not readily ascertainable.