Xiaomi India writ petition challenging ED order seizing its bank accounts premature: Karnataka High Court

The Court directed the Competent Authority under the FEMA to decide the contentions raised by Xiaomi India within 60 days.
Xiaomi India, enforcement directorate and Karnataka HC
Xiaomi India, enforcement directorate and Karnataka HC

The Karnataka High Court on Tuesday held that the petition filed by technology company Xiaomi India challenging an order of the Enforcement Directorate (ED) seizing seizing ₹5,551.27 crore from its bank accounts was premature [Xiaomi Technology India Private Limited v. Union of India].

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