K'taka HC completes hearing in connection with Xiaomi India petition challenging ED order

08:13 PM Jun 16, 2022 | PTI |

The High Court of Karnataka has completed hearing on the petition by Xiaomi India challenging the Enforcement Directorate (ED) order seizing Rs 5,551.27 crore in its bank accounts.


A single judge bench of the High Court of Justice S G Pandit completed the hearing on Thursday.

The court heard the arguments by Additional Solicitor General M B Naragund on behalf of the ED and senior advocate S Ganeshan on behalf of Xiaomi.

The ED had alleged that Xiaomi was illegally transferring money to three foreign companies; two in USA and one in China, in the name of royalty payments. It was alleged that these payments are in contravention of Foreign Exchange Management Act (FEMA) laws.


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