CB License Revocation Overturned Due to Missed Deadlines: Tribunal Halts Proceedings for Revenue Dept. Actions.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Revocation of CB license - forfeiture of the security deposit - imposition of penalty under Regulation 18 of CBLR 2018 - The tribunal held that the time limits prescribed in the CBLR, 2018 have not been followed in this case as an apparent. In these circumstances it cannot be continued as the actions of revenue under CBLR are barred by limitation prescribed by CBLR, 2018.....