2014 (10) TMI 818

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....TH, SRI.P.BENNY THOMAS, SRI.K.JOHN MATHAI, SRI.JOSON MANAVALAN, SRI.KURYAN THOMASMR L BHADRINARAYANAN, ADV. FOR THE RESPONDENT : SRI.N.NAGARESH, ASSISTANT SOLICITOR GENERAL JUDGEMENT Per: A Muhamed Mustaque: These writ petitions are filed by two public limited companies engaged in manufacture and export of cotton yarn. The issue pertaining to these writ petitions is based on the Foreig....

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....ding to the official respondents, M/s.Patspin India Ltd., was imposed with penalty and an appeal is pending before the appellate authority and therefore without clearing the penalty imposed upon M/s.Patspin India Ltd., the claim of the petitioners cannot be granted. 2. In these matters, statement has been filed on behalf of respondents. It is stated in the statement that the official respondent....

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.... any action is for the time being pending under the Act or rules and Orders made thereunder". According to the official respondents, the Director General has the authority to refuse to grant or renewal of licence if the Directors of the company having controlling interest in a partnership firm or a private limited company. 3. Rule 7(f) enables the Director either to refuse or to grant renewa....