HIGH COURT MAY 2025 WEEKLY ROUNDUP | Stories on OYO v. Zostel; Arjun Rampal’s Tax Evasion; Kota Student’s Suicide; and more
A quick legal roundup to cover important stories from all High Courts this week.
FEMA
Punjab & Haryana HC refuses to de-freeze Vuenow Infotech’s bank accounts in Cloud Particle Scam case
“Though the Constitutional Courts are the sentinels of justice, however, this power of judicial review is required to be exercised with due care and caution and interference at the stage of investigation is made in rare and exceptional cases.”
Bombay HC imposes Rs 1 Lakh cost on Lalit Modi for seeking indemnification from BCCI against ED’s penalty
“In matters of alleged indemnification of the petitioner in the context of penalties imposed upon Lalit Modi by the ED, there is no question of discharge of any public function, and therefore, for this purpose, no writ could be issued to the BCCI.”
MoF notifies new rules for compounding under FEMA
Payment of the amount compounded will be done electronically and within 15 days from the date of compounding order.
Foreign Exchange Management (Deposit) (Fourth Amendment) Regulations, 2024
The Foreign Exchange Management (Deposit) Regulations, 2016 has been amended by the Reserve Bank of India by Foreign Exchange Management (Deposit) (Fourth Amendment) Regulations, 2024.
Delhi High Court dismisses Mahua Moitra’s plea to restrain media from privacy infringement; upholds freedom of press
Delhi High Court acknowledged the importance of balancing freedom of press and expression with the right to privacy, particularly for public figures like Mahua Moitra, the petitioner, a former elected Member of Parliament from Krishnanagar, West Bengal, affiliated with the All-India Trinamool Congress Party (AITC).
RBI notifies FEM (Manner of Receipt and Payment) Regulations, 2023 mandating permission from RBI for Trade outside India
On 21-12-2023, the Reserve Bank of India (‘RBI’) notified the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023 mandating permission
Can Enforcement Officer file complaint under repealed provisions of FERA after enforcement of FEMA? SC answers
“A Statute cannot be interpreted in such a manner that any provision thereof is rendered otiose.”
MoF mandates prior approval of RBI to Use International Credit Card overseas for making transactions covered under Schedule III
On 30-6-2023, the Ministry of Finance further amended the Foreign Exchange Management (Current Account Transactions) Rules, 2000. It will be deemed to
Karnataka High Court rejects Xiaomi Technology’s challenge to the constitutional validity of S. 37-A of FEMA
While Xiaomi’s petition was held to be maintainable on the fulcrum of Article 14, however, the impugned provision as per the High Court did not manifest any arbitrariness.
MoF tightens rules on International Credit Card transactions vide FEMA (Current Account Transactions) (Amendment) Rules, 2023
On 16-5-2023, the Ministry of Finance notified the Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2023 to amend the Foreign Exchange
RBI issues guidelines on International Trade Settlement in Indian Rupees
On 11-07-2022, Reserve Bank of India has issued guidelines on International Trade Settlement in Indian Rupees to promote growth of
Karnataka High Court | Writ petition by XIAOMI India premature when alternate remedy available under S. 37 FEMA, 1999 left unattended
Karnataka High Court: S G Pandit, J. declared the present writ petition filed by XIAOMI India under Article 226 of
FEMA Xiaomi Saga
by Dr Srikant Parthasarathy† and Dr Amirthalakshmi R††
RBI permits banks to open specific accounts without any restrictions
Opening of Current Accounts by Banks On a review, it has been decided to permit banks to open specific accounts which are
Metamorphosis of FDI Regime in India: FERA to FEMA
Bhumesh Verma, Managing Partner, Corp Comm Legal and Namrata Singhal, Third year BBA LLB student, Vivekananda Institute of Professional Studies
Cite as: (2020) PL (CL) December 69
SC| Appeal against order passed under Section 51 of FERA lies before Appellate Tribunal only
Supreme Court: The bench of AM Sapre and Indira Banerjee, JJ has held that the appellate forum for deciding the appeals arising