In a setback to Xiaomi, one of the largest manufacturers of the smartphones in the world, the Karnataka High Court has ordered the company to furnish bank guarantee to operate its bank accounts in the country.The Xiaomi Technology India Private .
The Xiaomi Technology India Private Limited Company sought an interim order on seizure of Rs 5,551.27 crore by the Indian authorities for allegedly transferring funds outside India by violating the Foreign Exchange Management Act (FEMA).Taki
The Xiaomi Technology India Private Limited Company sought an interim order on seizure of Rs 5,551.27 crore by the Indian authorities for allegedly transferring funds outside India by violating the Foreign Exchange Management Act (FEMA).Taki
The speculations originated from Pakistan amid ongoing case of seizure of Xiaomi s Rs 5,551.27 crore assets in India. But Xiaomi s response was swift in this matter.