HC sets aside ED order attaching Tech Mahindra's FDs worth â¹822 cr
The Hyderabad High Court has set aside an Enforcement Directorate (ED) order provisionally attaching Fixed Deposits (FDs) worth â¹822 crore belonging to Tech Mahindra. The ED attached the Fixed Deposits in 2012 before Tech Mahindra merged Satyam Computer with itself in 2013. The agency alleged that it was ill-gotten proceeds of Satyam Computer.