High Court quashes (dismisses) the FIR filed against Unocoin co-founders

08 Feb 2021. This is in reference to a legal mishap in later part of October 2018 for Sathvik Vishwanath and Harish B V (the CEO and COO at Unocoin). The story can be read here. The co-founders had approached Honourable High Court of Karnataka appealing that the charges are baseless and invalid. The High Court after hearing the arguments have provided the verdict on 8th Feb 2021 saying that the FIR is quashed (declared invalid and the case is dismissed).