The Metropolitan Magistrates Court of Siadapet in Chennai recalled the non-bailable warrant issued against the CFO of IdeaForge Technology and accepted the copies of sureties furnished by other executives of the company.
In a previous hearing, the court had asked the company and its higher executives to execute a bond with sureties for a sum of Rs 25,000. The sureties were furnished, and the non-bailable warrant was recalled.
The case involves charges of criminal breach of trust, cheating, dishonestly inducing delivery of property, tampering with computer source documents, computer-related offenses, and damage to computer systems.
IdeaForge Technology is an Indian unmanned aerial vehicle manufacturing company ranked third in drone manufacturing by Drone Industry Insights.