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We have 9000 employees There is a liability : Vivo India challenges freezing of bank account by ED | Companies News

India News | Vivo India Challenges Freezing of Bank Account by ED in Delhi High Court

Get latest articles and stories on India at LatestLY. Vivo India on Friday approached the Delhi High Court to challenge the freezing of the company s bank account by the Enforcement Directorate (ED) in connection with a money laundering case. India News | Vivo India Challenges Freezing of Bank Account by ED in Delhi High Court.

ED Raids at Vivo: Decide Vivo India s Representation in Regards to Freezing of Their Accounts, Delhi High Court to ED

If amounts in the Petitioner s bank accounts remain frozen, it would not be able to pay its statutory dues to the competent authorities under various enactments, leading to the Petitioner being in further violation of the law. The freezing will also prevent the payment of salaries to the thousands of employees of the Petitioner. ED Raids at Vivo: Decide Vivo India s Representation in Regards to Freezing of Their Accounts, Delhi High Court to ED.

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