The Delhi High Court refused to overturn the lower court’s (trial court’s) decision to overturn the I-T department’s lookout circular (LOC) against Huawei India CEO Li Xiongwei.
However, the Delhi High Court has added conditions to the trial court’s previous order. It has requested that Huawei India’s CEO make a fixed deposit (FD) of INR 5 Cr with a nationalised bank in India before travelling abroad. Furthermore, he (Huawei India’s CEO) has been ordered to participate in the I-T department’s investigation twice or else the FD will be forfeited.
