Karnataka High Court reserves verdict in plea by Xiaomi against FEMA case

Justice SG Pandit reserved order in a petition challenging an Enforcement Directorate order that was passed on the ground that the Chinese company violated the provisions of the Foreign Exchange Management Act.
Karnataka High Court, Xiaomi
Karnataka High Court, Xiaomi

The Karnataka High Court on Wednesday reserved its verdict on a plea by Chinese technology company Xiaomi challenging an order of the Enforcement Directorate (ED) seizing seizing ₹5,551.27 crore from its bank accounts [Xiaomi Technology India Pvt Ltd v. Union of India].

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