https://www.taxtmi.com/caselaws?id=784075 A shareholder could maintain the writ petition in his individual capacity where the RBI permission directly affected his proprietary interest and the company's control structure, so the company's withdrawal did not extinguish his separate grievance. The Court upheld the RBI's permission for allotment of shares against imported second-hand equipment on a non-repatriation basis, holding that the decision was made within statutory jurisdiction, on relevant material, after hearing the parties, and without perversity or breach of natural justice. The challenge was also not barred by res judicata or issue estoppel because the earlier company proceedings had not finally decided the validity of the specific RBI permission. en-us Wed, 24 Dec 2025 00:00:00 +0530 Mon, 29 Dec 2025 08:56:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784075 A shareholder could maintain the writ petition in his individual capacity where the RBI permission directly affected his proprietary interest and the company's control structure, so the company's withdrawal did not extinguish his separate grievance. The Court upheld the RBI's permission for allotment of shares against imported second-hand equipment on a non-repatriation basis, holding that the decision was made within statutory jurisdiction, on relevant material, after hearing the parties, and without perversity or breach of natural justice. The challenge was also not barred by res judicata or issue estoppel because the earlier company proceedings had not finally decided the validity of the specific RBI permission. Case-Laws FEMA Wed, 24 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784075