Karnataka High Court sends Rs 11.92 crore lien dispute back for review
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The Karnataka High Court partly allowed Fino Payments Bank's challenge to a Rs 11.92 crore lien on a bank account. It set aside the lower court's rejection and sent the case back for reconsideration within eight weeks. The lien concerns a government investigation into use of four merchants' services. The bank said it and its employees were not involved. The order does not confirm removal of the lien.
Positive legal progress, but the Rs 11.92 crore lien dispute remains open and the tied-up funds may remain restricted pending further hearing.