https://www.taxtmi.com/caselaws?id=761490 Delhi HC set aside ex post facto FDI approval granted to respondent company, ruling that reconstituted committee violated principles of natural justice by failing to provide fresh personal hearing. Original committee under different chairperson had conducted hearings, but reconstituted committee with new chairperson approved investment without affording parties fresh opportunity to be heard. Court held this constituted gross violation of natural justice principles. HC directed Ministry of Finance/FIPB to constitute new committee within six weeks to rehear the proposal, ensuring same committee composition throughout process and providing proper hearing opportunities to all parties including written submissions. en-us Tue, 29 Oct 2024 00:00:00 +0530 Mon, 11 Nov 2024 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761490 Delhi HC set aside ex post facto FDI approval granted to respondent company, ruling that reconstituted committee violated principles of natural justice by failing to provide fresh personal hearing. Original committee under different chairperson had conducted hearings, but reconstituted committee with new chairperson approved investment without affording parties fresh opportunity to be heard. Court held this constituted gross violation of natural justice principles. HC directed Ministry of Finance/FIPB to constitute new committee within six weeks to rehear the proposal, ensuring same committee composition throughout process and providing proper hearing opportunities to all parties including written submissions. Case-Laws FEMA Tue, 29 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761490