Bombay High Court Quashes Penalty Orders Against Deceased Director in Foreign Trade Act Case — Resignation Prior to Violations Absolves Liability. Petitioner's husband, a former independent director who resigned in 1999, cannot be penalized for company's export obligation defaults occurring years later under Section 11(2) of Foreign Trade (Development and Regulation) Act, 1992.
8 Jul 2022The petitioner, Meena Anand Suryadutt Bhatt, is the wife of late Shri Anand S. Bhatt, a practicing advocate and partner at M/s. Wadia Ghandy & Co. Mr....
