Karnataka High Court extends stay on ED seizure of Xiaomi India bank accounts

The Court clarified that the the company could take an overdraft from the account to make any payments, apart from royalties.
Xiaomi Tax Dispute
Xiaomi Tax Dispute

The Karnataka High Court on Thursday extended the stay on the order of the Enforcement Directorate (ED) seizing ₹5,551.27 crore from the bank accounts of Xiaomi India [Xiaomi Technology India v. Union of India].

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