Chinese loan app scam: Kerala High Court stays PMLA proceedings against cross-border payment platform Nium

The Kerala High Court has stayed PMLA proceedings against cross-border payment platform Nium in the "Chinese loan app scam." This is a significant victory for the company, as it clarifies that a company can be held responsible for the misdeeds of another person. The court's decision is a crucial reminder to all that they must be diligent in their dealings. The move is a significant step towards a more user-friendly and less intrusive business environment, is aimed at promoting business growth while being sensitive to the practical difficulties faced by businesses.