{"id":58152,"date":"2022-05-09T15:17:36","date_gmt":"2022-05-09T09:47:36","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?page_id=58152"},"modified":"2022-05-09T15:17:38","modified_gmt":"2022-05-09T09:47:38","slug":"karnataka-hc-stays-ed-order-seizing-xiaomi-india-assets","status":"publish","type":"page","link":"https:\/\/enterslice.com\/learning\/whitepapers\/karnataka-hc-stays-ed-order-seizing-xiaomi-india-assets\/","title":{"rendered":"Karnataka HC stays ED Order Seizing Xiaomi India assets"},"content":{"rendered":"<p>On Thursday, the Karnataka High court stayed the order issued by the enforcement directorate, which had directed for the assets worth Rs 5551.27 crore of M\/s Xiaomi Technology India Private Limited. ED charged the brand under the Foreign Exchange Management Act, 1999.<\/p>\n\n\n\n<p>The decision was given by a single judge bench chaired by Justice Hemant Chandangoudar. The judgement stated that HC would put a stay on the order, but it will be subject to the fact that the bank account of the petitioner that has been seized shall only be used to carry out day to day activities of the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, the Karnataka High court stayed the order issued by the enforcement directorate, which had directed for the assets worth Rs 5551.27 crore of M\/s Xiaomi Technology India Private Limited. ED charged the brand under the Foreign Exchange Management Act, 1999. The decision was given by a single judge bench chaired by Justice Hemant [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":58154,"parent":15144,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"download-newsletter.php","meta":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Karnataka HC stays ED Order Seizing Xiaomi India assets - Enterslice<\/title>\n<meta name=\"description\" content=\"The Karnataka HC stayed the order issuedby the ED, which had directed for theassets worth Rs 5551.27 crore of M\/s Xiaomi India Private Limited.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/whitepapers\/karnataka-hc-stays-ed-order-seizing-xiaomi-india-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Karnataka HC stays ED Order Seizing Xiaomi India assets - Enterslice\" \/>\n<meta property=\"og:description\" content=\"The Karnataka HC stayed the order issuedby the ED, which had directed for theassets worth Rs 5551.27 crore of M\/s Xiaomi India Private Limited.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/whitepapers\/karnataka-hc-stays-ed-order-seizing-xiaomi-india-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:author\" content=\"enterslice\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-09T09:47:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2022\/05\/Karnataka-HC-stays-ED-Order-Seizing-Xiaomi-India-Assets.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"670\" \/>\n\t<meta property=\"og:image:height\" content=\"352\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/58152"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=58152"}],"version-history":[{"count":0,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/58152\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/15144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/58154"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=58152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}