Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Leave to appeal was unnecessary because the appellants had applied for intervention and were parties to the order rejecting those applications; the rule requiring strangers to obtain leave did not apply. Their appeals were therefore maintainable without leave. Intervention in the already disposed writ petitions was nevertheless unavailable: erstwhile directors showed only apprehensions, not a tangible subsisting right making them necessary or proper parties in proceedings concerning defreezing of company bank accounts. Pending disputes did not justify intervention or recall, and final disposal rendered the writ court functus officio, precluding further revisiting of the writ petitions. The intervention rejections and dismissal of the intra-court appeals were sustained, without barring appropriate independent remedies against the final writ order.
Leave to appeal was unnecessary because the appellants had applied for intervention and were parties to the order rejecting those applications; the rule requiring strangers to obtain leave did not apply. Their appeals were therefore maintainable without leave. Intervention in the already disposed writ petitions was nevertheless unavailable: erstwhile directors showed only apprehensions, not a tangible subsisting right making them necessary or proper parties in proceedings concerning defreezing of company bank accounts. Pending disputes did not justify intervention or recall, and final disposal rendered the writ court functus officio, precluding further revisiting of the writ petitions. The intervention rejections and dismissal of the intra-court appeals were sustained, without barring appropriate independent remedies against the final writ order.
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