India: High Court of Judicature at Madras lawsuit against Zanmai Labs Pvt. Ltd. over alleged failure to protect cryptocurrency assets (Rhutikumari v. Zanmai Labs)
Progress
Current status
under investigation
25 Oct 2025 under investigation
Scope
Implementers
India
Policy Area
Consumer protection
Policy Instrument
User/subject right
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
judiciary
Government Body
court
Implementation Level
national
Timeline of events
High Court of Judicature at Madras issued interim ruling recognising cryptocurrency as property in Rhutikumari v Zanmai Labs
On 25 October 2025, the High Court of Judicature at Madras granted interim protection to an individual investor regarding 3'532.30 XRP tokens held on the WazirX exchange platform in Rhutikumari v Zanmai Labs Pvt. Ltd. & Ors. (O.A. No. 194 of 2025). …
Event type
civil lawsuit
Action type
interim ruling
Government branch
judiciary
Government body
court