These aspects were relied upon by the High Court of
Karnataka in Razorpay Software Pvt. Ltd. V. UOI (2024) SCC OnLine
Kar 23, in paragraph ... this case, Razorpay was an intermediary
and had a statutory duty of due diligence and did not verify the
genuineness of person applying for accounts
intended to benefit from illegal transactions. The Karnataka High Court in
Razorpay Software Pvt. Ltd. v. Union of India, 2024 SCC OnLine
Signed By:PALLAVI VERMA
Signing Date:25.09.2024
19:14:16
PayU and Razorpay, as well as through regular banking channels. The
Special Cell, Delhi Police ... crime (PoC) of approximately Rs. 250 crores were collected through
the Razorpay payment gateway from more than 5 lakh victims in this
cheating and fraud
venture capital landscape, making significant investments in companies such
as Groww, Meesho, Razorpay, Oyo Rooms, Zomato, FreeCharge, Just Dial,
Equitas Holdings, Citrus Payment Solutions
