Bengaluru, Jan. 21 -- The Karnataka High Court on Wednesday granted interim relief to coffeehouse chain Cafe Coffee Day (CCD) in a petition challenging proceedings initiated under the Foreign Exchange Management Act, 1999 (FEMA) in connection with a case registered by the Enforcement Directorate (ED) in 2022.
Justice BM Shyam Prasad directed the ED to defer a personal hearing of CCD representatives scheduled for January 30, and ordered that the proceedings be put on hold until the Court hears CCD's plea on February 23.
"Interim order is granted calling upon Respondent 2 (Special Officer of the ED/Adjudicating Authority under FEMA) to defer proceedings scheduled on January 30, 2026 until the next date of hearing and subject to further orde...