HC Orders Action if Amway Continues Unauthorised Business
HYDERABAD: A division Bench of the Hyderabad High Court directed the Andhra Pradesh and Telangana governments on Thursday to take action against Amway India Enterprises Private Limited if they found that the company was still continuing unauthorised money circulation business.
The Bench, comprising acting chief justice Dilip B Bhosale and justice P Naveen Rao, was dealing with a writ petition filed in 2009 by the Corporate Frauds Watch Society of Vijayawada, represented by MV Syam Sunder, seeking directions to the authorities to act under Section 7 of the Prize Chits and Money Circulation Scheme (Banning) Act 1978 to stop the business transactions as well as seize all the business operations of Amway in the state.
When the petition came up for hearing on Thursday, the Bench pointed out that nothing remained in the plea for adjudication.
At this juncture, the petitioner’s counsel told the Bench that the company was still continuing its money circulation business in both the states.
The Bench then directed both the states to take action against the company if it continued its unauthorised business, and closed the case.