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...
Money Laundering - Scheduled offences - whether the Non-Bailable Warrants (NBW) issued against the petitioner are liable to be quashed? - The High Court affirmed the trial court's decision to issue NBWs against the petitioner, citing repeated non-compliance with court summons and a deliberate avoidance of legal proceedings. The Court underscored that the issuance of NBWs was a measured response to ensure the petitioner's court appearance, given the lack of cooperation and evasion from the judicial process. - The judgment reaffirms the principle that while courts must safeguard personal liberty, they must also ensure that such liberty does not undermine the legal process or obstruct justice.
Money Laundering - Scheduled offences - whether the Non-Bailable Warrants (NBW) issued against the petitioner are liable to be quashed? - The High Court affirmed the trial court's decision to issue NBWs against the petitioner, citing repeated non-compliance with court summons and a deliberate avoidance of legal proceedings. The Court underscored that the issuance of NBWs was a measured response to ensure the petitioner's court appearance, given the lack of cooperation and evasion from the judicial process. - The judgment reaffirms the principle that while courts must safeguard personal liberty, they must also ensure that such liberty does not undermine the legal process or obstruct justice.
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