Times Internet Limited vs Directorate Of Enforcement & Ors.

ik-104995700 Delhi High Court 17 December 2024 • 23 min read

Judges (1)

Counsel (8)

Abhigyan Siddhant Counsel Respondent Anurag Ahluwalia Counsel Respondent Ashwin Kataria Counsel Petitioner Gaurav Sarkar Counsel Respondent R.K. Handoo Counsel Petitioner S.V. Raju Counsel Respondent Samrat Goswami Counsel Respondent Yoginder Handoo Counsel Petitioner

Parties (3)

Bennet Coleman and Co. Ltd Petitioner Directorate of Enforcement Respondent Times Internet Limited Petitioner

Case Significance

Times Internet Limited vs Directorate Of Enforcement & Ors. is a Delhi High Court decision dated December 17, 2024 (citation: ik-104995700). Times Internet Limited and its parent company Bennet Coleman challenged the Enforcement Directorate's rejection of their applications for overseas remittance of investment under FEMA. The Delhi High Court allowed the petitions and quashed the rejection letters, holding that mere pendency of a FEMA investigation without any adverse finding does not justify indefinite withholding of permission for lawful remittances, and directed processing of the applications on merits. The case was heard by Justice Sanjeev Narula.

Summary

Times Internet Limited and its parent company Bennet Coleman challenged the Enforcement Directorate's rejection of their applications for overseas remittance of investment under FEMA. The Delhi High Court allowed the petitions and quashed the rejection letters, holding that mere pendency of a FEMA investigation without any adverse finding does not justify indefinite withholding of permission for lawful remittances, and directed processing of the applications on merits.

What was the outcome of Times Internet Limited vs Directorate Of Enforcement & Ors.?

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-104995700)