Ganesh, Poovayya and AZB get relief for Xiaomi from Karnataka High Court in FEMA case by ED

The Court made it clear that its interim order would not confer any right on Xiaomi to make payment in the form of royalty or any other form to companies located outside India.
Karnataka High Court, Xiaomi
Karnataka High Court, Xiaomi

The Karnataka High Court on Thursday stayed an order of the Enforcement Directorate (ED) seizing the bank accounts of Chinese technology company Xiaomi [Xiaomi Technology India Pvt Ltd v. Union of India].

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