HC rejects Razorpay executives' plea to quash SFIO complaint

Economic Times - Nov 12, 2026

The Karnataka High Court has dismissed a plea by Razorpay executives Harshil Mathur and Shashank Kumar seeking to quash an SFIO complaint in a case linked to an alleged Chinese-controlled digital lending network. The court said the allegations involving merchant onboarding, KYC verification, due diligence and transaction monitoring raise disputed questions of fact that must be examined during trial.

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