FINOPB : HIGH COURT QUASHES ORDER, REMANDS RS 11.92 CR LIEN MATTER

• High Court of Karnataka partly allowed Fino's petition and quashed the March 04, 2026 Sessions Court order • Matter remanded to Sessions Court for reconsideration within eight weeks from receipt of the November 04, 2026 order • CID had marked a lien on ₹11.92 Cr in the Bank's account during an investigation involving four Bank merchants • Bank says neither it nor its employees are involved in the incident • Lien removal is not final; reconsideration is pending before the Sessions Court Impact: Neutral (procedural relief only; ₹11.92 Cr lien remains pending reconsideration)

Fino Payments Bank Limited

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