2020-TIOLCORP-12-NCLAT

Sonia Khosla Vs Montreaux Resorts Pvt Ltd

Whether reproduction of NCLAT observations by the NCLT on remand to hear the oppression petition on its merits after giving fair opportunity to the parties amounts to non-speaking order - NO: NCLAT

- Appeal dismissed: NCLAT

2020-TIOLCORP-03-TRIBUNAL-FEMA

TIPS Industries Ltd Vs Directorate of Enforcement

Whether where the claim of post facto approval of the RBI to the equity investment made an Indian Company in a foreign entity remains unproven, the penalty imposed for violation of FEMA, 1999 provision cannot be reduced or set aside - YES: Tribunal

Whether signature of Managing Director making overseas direct investment in Form ODA is sufficient to prove that his/her direct involvement in the investment process undertaken by the Company - YES: Tribunal

- Appeal dismissed: FEMA