Karnataka HC questions ED over 12-year delay in FEMA case against Cafe Coffee Day CEO Malavika Hegde

The Karnataka High Court on Tuesday questioned the Enforcement Directorate over initiating FEMA proceedings against Cafe Coffee Day CEO Malavika Hegde more than 12 years after the transactions under scrutiny. The court examined whether such action was permissible after an unreasonable delay and extended interim protection against the proceedings.