Maintainability of a Section 7 insolvency petition against a financial service provider denied; appeal dismissed for non maintainability and complex d...
Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
Vicarious liability and supervisory duty under the Customs Brokers Licensing Regulations, 2018 were considered in relation to employee misconduct; the inquiry officer found the broker not directly responsible, and that finding was accepted, with licence revocation not invoked. Forfeiture of the Rs.75,000 security deposit under regulation 15 was upheld as an operative disciplinary consequence. Imposition of a monetary penalty under regulation 18 was held excessive and reduced from Rs.50,000 to Rs.25,000 on proportionality grounds. The appellate tribunal partially allowed the appeal, modifying the quantum of penalty but otherwise upholding the order.
Vicarious liability and supervisory duty under the Customs Brokers Licensing Regulations, 2018 were considered in relation to employee misconduct; the inquiry officer found the broker not directly responsible, and that finding was accepted, with licence revocation not invoked. Forfeiture of the Rs.75,000 security deposit under regulation 15 was upheld as an operative disciplinary consequence. Imposition of a monetary penalty under regulation 18 was held excessive and reduced from Rs.50,000 to Rs.25,000 on proportionality grounds. The appellate tribunal partially allowed the appeal, modifying the quantum of penalty but otherwise upholding the order.
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