The HC also sought detailed disclosures and financials related to WinZO’s subsidiaries and related entities, both in India and overseas
Arguing that the amount frozen by ED was disproportionate to the amount involved in the alleged offence, WinZO has also urged the Court to declare the search operation void
Last month, the agency conducted searches at premises linked to the company and froze assets worth INR 505 Cr. The startup’s two cofounders were also arrested
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