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Xiaomi's counsel asserted that Section 37A of the FEMA was manifestly arbitrary since it conferred unbridled powers on the authorities to seize property. ....
The Centre and the ED pointed out that though the Court upheld the ED's seizure order in April, it failed to ensure that Xiaomi maintained the disputed funds in its bank accounts. ....
Justice M Nagaprasanna noted that Xiaomi India's challenge to the seizure under Article 14 (Equality before the law) of the Indian Constitution was not maintainable as Article 14 is person-centric. ....
The Karnataka High Court set aside an order of the Income Tax Department provisionally attaching Xiaomi India’s fixed deposits amounting to ₹3,700 crore for a period of six months. ....