https://www.taxtmi.com/caselaws?id=404764 The Court held that the gift deeds in favor of respondent No.1 were unenforceable due to non-compliance with Section 31 of FERA, which mandates prior RBI permission for property transfers by non-citizens. The appellant was granted a declaration of invalidity for the deeds, possession of the property, and mesne profits. The Court overruled previous High Court decisions, emphasizing the mandatory nature of Section 31. The appeal was allowed, setting aside the Trial Court and High Court judgments, and an inquiry under Order 20 Rule 12 of the CPC, 1908, was ordered for mesne profits. en-us Fri, 26 Feb 2021 00:00:00 +0530 Fri, 15 Nov 2024 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404764 The Court held that the gift deeds in favor of respondent No.1 were unenforceable due to non-compliance with Section 31 of FERA, which mandates prior RBI permission for property transfers by non-citizens. The appellant was granted a declaration of invalidity for the deeds, possession of the property, and mesne profits. The Court overruled previous High Court decisions, emphasizing the mandatory nature of Section 31. The appeal was allowed, setting aside the Trial Court and High Court judgments, and an inquiry under Order 20 Rule 12 of the CPC, 1908, was ordered for mesne profits. Case-Laws FEMA Fri, 26 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404764