Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
Voluntary Retention Route investments in central government securities, state government securities and corporate debt will be reckoned under the existing investment limits for FPI investments under the General Route, thereby subsuming VRR-specific limits; this change takes effect April 1, 2026 and existing VRR holdings will be transferred to General Route limits. FPIs that had committed to retention periods longer than the minimum may optionally liquidate part or all of their portfolios and exit the VRR after the minimum retention period ends. The Directions are issued by the RBI under FEMA and require AD Category I banks to notify constituents.
Voluntary Retention Route investments in central government securities, state government securities and corporate debt will be reckoned under the existing investment limits for FPI investments under the General Route, thereby subsuming VRR-specific limits; this change takes effect April 1, 2026 and existing VRR holdings will be transferred to General Route limits. FPIs that had committed to retention periods longer than the minimum may optionally liquidate part or all of their portfolios and exit the VRR after the minimum retention period ends. The Directions are issued by the RBI under FEMA and require AD Category I banks to notify constituents.
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