Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Person Found Guilty Under FEMA Cannot Seek Compounding After Adjudication: Calcutta HC Upholds RBI’s...
The Calcutta High Court has upheld the RBI's rejection, ruling that a "person found guilty under FEMA cannot seek compounding after adjudication." The court's decision provides a significant victory for the government. The ruling clarifies that a person who is guilty of a crime cannot seek a compounding of the offense.