
Madras HC Dismisses Xiaomi’s Petition Towards ED Proceedings In FEMA Violation Case | Know-how Information
Chennai: The Madras Excessive Courtroom has dismissed the petitions filed by Xiaomi Know-how India Pvt Ltd and its Chief Monetary Officer Sameer B.S. Rao, in search of to quash the proceedings initiated by the Enforcement Directorate (ED) in reference to alleged violations below the Overseas Change Administration Act (FEMA) involving royalty funds of Rs 5,551…