Madras HC Dismisses Xiaomi’s Petition Against ED Proceedings In FEMA Violation Case | Technology News
Chennai: The Madras High Court has dismissed the petitions filed by Xiaomi Technology India Pvt Ltd and its Chief Financial Officer Sameer B.S. Rao, seeking to quash the proceedings initiated by the Enforcement Directorate (ED) in connection with alleged violations under the Foreign Exchange Management Act (FEMA) involving royalty payments of Rs 5,551 crore. Justice…