High Court of Karnataka Quashes RBI's Rejection of Compounding Application Under FEMA — Rule 11 of Compounding Rules Cannot Be Invoked to Deny Compounding When Proceedings Are Pending Before Adjudicating Authority. The court held that compounding under Section 15 of FEMA is a statutory right and must be considered on merits, not mechanically rejected under Rule 11.
21 Oct 2021The petitioner, Mrs. Joyce Lynn Peters, filed a writ petition under Articles 226 and 227 of the Constitution of India challenging the rejection of her...




