Supreme Court Upholds RBI’s Restrictions on Merchanting Trade of Banned Goods: Akshay N Patel vs. Reserve Bank of India (2021) LEGAL ISSUE: Whether the Reserve Bank of India (RBI) can restrict merchanting trade transactions (MTT) for goods whose import or export is banned under India’s Foreign Trade Policy (FTP). CASE TYPE: Constitutional Law, Regulatory Law, […]
Supreme Court Upholds Enforceability of Foreign Arbitral Awards in Vijay Karia vs. Prysmian Cavi E Sistemi SRL (2020) INSC 123 LEGAL ISSUE: Enforceability of foreign arbitral awards in India. CASE TYPE: International Commercial Arbitration Case Name: Vijay Karia & Ors. vs. Prysmian Cavi E Sistemi SRL & Ors. Judgment Date: 13 February 2020 Date of
Supreme Court remands FEMA violation case: Maars Software vs. Union of India (2019) LEGAL ISSUE: Whether the High Court correctly assessed the evidence related to Foreign Exchange Management Act (FEMA) violations. CASE TYPE: Foreign Exchange Regulation Case Name: Maars Software International Ltd. & Anr. vs. Union of India & Ors. Judgment Date: 22 April 2019
Supreme Court Clarifies Appellate Authority Under FEMA for FERA Violations Date of the Judgment: 29 January 2019 Citation: (2019) INSC 49 Judges: Abhay Manohar Sapre, J., Indira Banerjee, J. Can an appeal against an order passed under the Foreign Exchange Regulation Act, 1973 (FERA) after its repeal, be filed before the Special Director (Appeals) or
Supreme Court Addresses Multinational Accounting Firms’ Operations in India: S. Sukumar vs. ICAI & Ors. (2018) Date of the Judgment: 23 February 2018 Citation: S. Sukumar vs. The Secretary, Institute of Chartered Accountants of India & Ors. Civil Appeal No. 2422 of 2018 (Arising out of SLP (Civil) No. 1808 of 2016) with Writ Petition
