https://www.taxtmi.com/caselaws?id=244714 The High Court quashed penalty orders under The Foreign Exchange Regulation Act, 1973 due to a violation of natural justice. The Court emphasized the importance of principles of natural justice and the right to be heard. It ruled that the writ petitions were not barred by delay and laches as the petitioners promptly filed upon receiving recovery notices. The Court held that a writ petition is maintainable when there is a violation of natural justice, even if an alternative remedy exists. The impugned penalty orders were set aside, and matters were remanded back to the authority for expeditious disposal within twelve weeks. en-us Tue, 28 Jan 2014 00:00:00 +0530 Thu, 06 Mar 2014 06:49:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244714 The High Court quashed penalty orders under The Foreign Exchange Regulation Act, 1973 due to a violation of natural justice. The Court emphasized the importance of principles of natural justice and the right to be heard. It ruled that the writ petitions were not barred by delay and laches as the petitioners promptly filed upon receiving recovery notices. The Court held that a writ petition is maintainable when there is a violation of natural justice, even if an alternative remedy exists. The impugned penalty orders were set aside, and matters were remanded back to the authority for expeditious disposal within twelve weeks. Case-Laws FEMA Tue, 28 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244714