ByteDance says it is 'bleeding' due to India bank account freeze, no relief from court

FILE PHOTO: The ByteDance logo is seen in this illustration taken, Nov. 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

MUMBAI (Reuters) - An Indian court on Wednesday granted no relief to China's ByteDance, owner of the TikTok video app, in a case where the company challenged the local tax authority's decision to block its Indian bank accounts, dealing a blow to its operations.

Indian authorities in mid-March blocked ByteDance's bank accounts for alleged tax evasion, prompting the company to ask a court to quash the directive which it feared would hurt its operations.