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Madras High Court Dismisses Revision Petition Challenging Execution of Chit Fund Award — Limitation Period Under Section 71(b) of Chit Funds Act, 1982 Not Applicable When Award Is Executed as Civil Court Decree Under Section 71(a).

The revision petition was filed by P.J. Prabaharan, the chit subscriber and first judgment debtor, challenging the order dated 24.09.2025 in E.P.No.46...

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Bombay High Court Upholds Penalty for FERA Violation in Foreign Exchange Remittance Case. Directors and Company Held Liable for Making Payment to Non-Resident Without RBI Permission Under Section 9(1)(a) and 9(1)(d) of Foreign Exchange Regulation Act, 1973.

The case involves three appeals filed by Associated Capsules Private Limited and its two directors, Jasjit Singh and Ajit Singh, against an order of t...