The Hindu Business Line : HC restraint on vMoksha founder

HELIOS and Matheson Information Technology has said that the Madras High Court on Monday passed an order of interim injunction restraining Mr Pawan Kumar from carrying on any business or taking up any new employment or continuing in any other employment.

Earlier this month, Mr Pawan Kumar, one of the founders of vMoksha Technologies, had joined Scandent Solutions as its President, IT Division, in preparation for its merger with Cambridge Integrated Services.

It may be recalled the Helios had acquired vMoksha in April 2005 for $19 million.

Mr Justice S. Rajeshwaran passed the order. He also passed an order restraining Mr Rajeev Sawhney, current Chairman of vMoksha, his associates and nominees from functioning as the Chairman and/or Chief Executive Officer or from altering the managerial structure and functioning of vMoksha.

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