Rulings
SC: Cheque dishonouring notice serving on ‘company’, not directors; Overrules Madras/Bombay HC ratios
HC: Proper opportunity notice to FERA violator must; Quashes Magistrate’s ‘mechanical’ summons order
HC: Quashes FEMA Tribunal order; No obligation to preserve documents for ‘belated’ enquiries
HC: Reverses Tribunal’s order, showcause notice pre-requisite for FERA violation action against Director
HC: Dismisses writ against order under FERA, as statutory remedy under FEMA available
HC: CS certificate absolves non-executive director of liability for Co.’s FERA defaults
HC: ‘Undue hardship’ given broader meaning; Breather to IPL bidders on penalty pre-deposit
HC: Kingfisher Airlines sheds ‘wilful defaulter’ tag; Bank rapped for improper Committee constitution
HC: Adopts 'dignified reluctance' in specialized legislation - SARFAESI; Upholds RBI Guidelines' constitutional validity
HC: Partially strikes down RBI's wilful defaulters circular; 'Writ' reprieve for private banks