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.
The Delhi High Court on Friday asked the Enforcement Directorate (ED) to decide on Vivo India (petitioner) representation seeking permission to operate its ba
Vivo India s nearly 23 associated firms such as Grand Prospect International Communication Pvt Ltd (GPICPL) transferred huge amounts to the firm and out of the total sale proceeds of Rs 1,25,185 crores, it remitted Rs 62,476 crores almost 50 per cent of the turnover out of India, mainly to China, the Enforcement Directorate said on Thursday.