Karnataka high court grants relief to Vihaan Direct Selling

BENGALURU: The Karnataka high court on Thursday passed an order directing the authorities not to take any coercive measures against Vihaan Direct Selling (India)Pvt Limited.
However, a division bench headed by Chief Justice Ritu Raj Awasthi has said that the investigation regarding the complaints filed against the petitioner company may go ahead and added that the latter should co-operate with the said probe.
Since the petitioner has challenged the constitutional validity of Karnataka Protection of Interest of Depositors in Financial Establishments (KPID) Act, the bench ordered notice to Advocate General and granted time till February 21, 2022 for submitting statement of objections.
Earlier, senior advocate Kamini Jaiswal, appearing on behalf of the petitioner, claimed that the petitioner company is not a financial establishment and not involved in soliciting investments, taking deposits, etc. She added that the petitioner is a e-commerce direct selling company, a sub franchisee of Hong Kong-based Q Net Ltd.