Coda welcomes Bombay High Court judgment in its favor
The Bombay High Court has ruled in favor of Coda Payments India, ordering the unfreezing of the company's bank and payment accounts. Coda expressed satisfaction with the legal outcome and reaffirmed its commitment to regulatory compliance.
Why it matters
This decision provides regulatory relief for a major global payment processor, potentially stabilizing its operations in the Indian market.
SINGAPORE , Sept. 8, 2026 /PRNewswire/ -- Coda welcomed the Bombay High Court's judgment on 2 September 2026 allowing the appeal by Coda Payments India and setting aside the orders that had kept its bank accounts and payment accounts frozen.
The judgment is a significant and positive outcome for Coda. We have been clear and consistent in our position throughout the proceedings and welcome the Court's decision.
Coda has cooperated fully with the relevant authorities and respects the legal process. We now look forward to the judgment being implemented expeditiously and in full.
Coda remains committed to meeting all applicable legal and regulatory requirements in every market in which it operates.
The Bombay High Court's judgment relates to the freeze on Coda Payments India's bank accounts and payment accounts. Other related proceedings remain ongoing.
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