Liquidator appointment under Section 34 requires consideration of creditor recommendations, valid professional authorisation, and preservation of vali...
Income-tax exemption for specified regulatory fees and government grants applies subject to non-commercial activity and continuing compliance conditio...
Digital accessibility audit and remediation deadlines extended, while all other disability-compliance obligations for regulated entities remain unchan...
FEMA bars civil court adjudication where the dispute concerns alleged contravention, because the statutory scheme of adjudication, penalty, confiscation and appeal is a complete code for that issue. A sale deed challenged solely as void for violating FEMA could not be declared null and void by a civil court, especially where the FEMA authorities had already found contravention and imposed only penalty without confiscation. FEMA contravention does not, by itself, make the transfer void under the Contract Act or the Transfer of Property Act. The decree for partition was sustained only for the admitted ancestral Schedule 'A' property, while the relief relating to Schedule 'B' property was set aside.
FEMA bars civil court adjudication where the dispute concerns alleged contravention, because the statutory scheme of adjudication, penalty, confiscation and appeal is a complete code for that issue. A sale deed challenged solely as void for violating FEMA could not be declared null and void by a civil court, especially where the FEMA authorities had already found contravention and imposed only penalty without confiscation. FEMA contravention does not, by itself, make the transfer void under the Contract Act or the Transfer of Property Act. The decree for partition was sustained only for the admitted ancestral Schedule 'A' property, while the relief relating to Schedule 'B' property was set aside.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4800
Join Channel
TaxTMI 
