Delhi HC Allows Vivo India to Operate its Bank Account Subject to Depositing Rs 950 Crore Bank Guarantee

Delhi High Court had directed Chinese smartphone maker Vivo India to furnish a bank guarantee worth Rs 950 crore in relation to recent raids of the Enforcement Directorate in a money laundering case.  Vivo can operate its bank accounts after it furnishes the bank guarantee, ordered the Bench of Justice Yashwant Verma. Before the Court,

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