KIIFB approaches Kerala HC seeking to quash ED notice in masala bond issue

Key Points

1. KIIFB approached Kerala High Court against ED notice.
2. ED issued notice regarding KIIFB's use of masala bond funds.
3. KIIFB claims adherence to RBI norms in fund usage.
4. ED argues KIIFB should approach FEMA forum.
5. Court reserved order on the maintainability of KIIFB's plea.
6. Hearing scheduled for December 16.
7. Chief Minister Pinarayi Vijayan criticized the ED notice as politically motivated.