ReferIndia News Customer complaints, unregulated nature of deposits: Why Karnataka HC rejected Bengaluru startup Jar Gold’s plea against police probe

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Customer complaints, unregulated nature of deposits: Why Karnataka HC rejected Bengaluru startup Jar Gold’s plea against police probe

Published on: March 5, 2026, 10:01 a.m. | Source: The Indian Express

Jar Gold’s argument that deposits are not in the form of currency cannot be used to claim that the firm’s activities do not fall under the scope of the BUDS Act, the Karnataka High Court said.

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