Local court in India sets aside lookout notice against Huawei India CEO

A condition has been imposed, that in case of resignation, retirement or cessation of employment, Huawei cannot release the severance package and other benefits without the court's prior approval

The lookout circular in India against Huawei Telecommunications (India) chief executive Li Xiongwei has been set aside by a local court. It was issued by the Income Tax Department. However, the court has placed a condition on it, a report by the Economic Times (ET) stated. 

 

The condition states that in case