 "Vivo")
Delhi High Court directed Chinese smartphone maker Vivo to furnish a bank guarantee worth Rs 950 crore. The Delhi HC allowed Vivo to operate its bank accounts, which were frozen by the Enforcement Directorate (ED) in a money-laundering probe.
The court said that Vivo can operate its bank accounts to the extent that a balance of Rs 250 crore is maintained in its accounts at all times.
The court granted one week to the ED to file its response to the petition and listed the matter for further hearing on July 28.
This comes after Delhi HC had last week asked
