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Karnataka High Court upholds Constitutional validity of Section 37A FEMA in Xiaomi plea challenging seizure of accounts - Vimarsana News

Karnataka High Court upholds Constitutional validity of Section 37A FEMA in Xiaomi plea challenging seizure of accounts

While holding that non-citizens can challenge laws alleged to be in violation of Article 14, the Court rejected the contention that the provision contained no checks and balances.

Karnataka High Court Rejects Xiaomi's Petition Challenging Seizure Of ₹5551.27 Crore By Enforcement Directorate, Upholds S.37A FEMA - Vimarsana News

Karnataka High Court Rejects Xiaomi's Petition Challenging Seizure Of ₹5551.27 Crore By Enforcement Directorate, Upholds S.37A FEMA

The Karnataka High Court on Friday rejected the petition filed by Xiaomi India challenging an order passed by the Competent Authority appointed under the Foreign Exchange Management Act,1999 (FEMA),...

Source: livelaw.in