ByteDance Can Use Accounts Amid Tax Conflict: Bombay High Court

The Bombay High Court has allowed ByteDance to operate its bank accounts with HSBC and Citibank, even as India’s probe into the financial dealings of the TikTok app’s parent company continues.

ByteDance, represented by senior advocates Rafiq Dada and Vikram Nankani, had argued during a hearing on Tuesday that the attachment of its bank accounts by the Directorate General of Goods and Service Tax Intelligence, Mumbai had a direct impact on its staff, which had to be paid their salaries, and it should be allowed to operate its accounts for the same. The company said it has 800-1,000 employees on ...