Karnataka High Court rules on Genpact's ED seizure challenge
after close1 source ↓written by the desknot a recommendation
- investment
- $100 million
The Karnataka High Court dismissed Genpact India's challenge against the Enforcement Directorate's seizure of its Gurgaon office under FEMA. However, the court set aside the ED's rejection of Genpact's application for a $100 million investment in its GIFT City entity, citing inadequate reasoning for the decision. This ruling may impact Genpact's operational restructuring plans.
Not investment advice. For informational purposes only.