It is known that Madras high court has temporarily banned Tiktok app.As per the orders from the supreme court, app has been removed from Google play store and apple store. The parent company of Tiktok Byte Dance has said that, This ban has affected the working capital of the organisation.
The representative of the company who attending the courts, Mr.Abhisekh Manu Singhvi has revealed the losses it has incurred because of the ban.
250 employees jobs are at stake.While the company is losing 4.5 crores per day right after it’s ban.
However,supreme court asked Madras High court to take decision by 24th of this month, else the ban would be lifted.