19 Sep 2026 | 5 Mins Read
Karnataka HC affirms ED's Genpact office seizure, grants $100-million relief
Flipitmoney
The Karnataka High Court upheld the ED’s seizure of Genpact India’s Gurugram head office in a Rs 7,800-crore alleged round-tripping case involving foreign entities, citing sufficient grounds under Section 37A of FEMA. The court dismissed Genpact’s challenge but directed reconsideration of its rejected NOC application for a $100M GIFT City investment, leaving final FEMA violation findings pending.