Bennet Coleman And Co. Ltd vs Directorate Of Enforcement Through Its ...

ik-195055865 Delhi High Court 17 December 2024 • 23 min read

Judges (1)

Sanjeev Narula Delivered

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

Bennet Coleman And Co. Ltd vs Directorate Of Enforcement Through Its ... is a Delhi High Court decision dated December 17, 2024 (citation: ik-195055865). Times Internet Limited and Bennet Coleman (Times Group companies) challenged the rejection of their applications for overseas remittance by Authorized Dealers, where the Enforcement Directorate had directed the bank not to process the remittances citing pending proceedings under FEMA, 1999. The key issue was whether ED could indefinitely block legitimate foreign investment remittances without establishing any contravention of FEMA provisions. The Court quashed both rejection letters, holding The case was heard by Justice Sanjeev Narula.

Summary

Times Internet Limited and Bennet Coleman (Times Group companies) challenged the rejection of their applications for overseas remittance by Authorized Dealers, where the Enforcement Directorate had directed the bank not to process the remittances citing pending proceedings under FEMA, 1999. The key issue was whether ED could indefinitely block legitimate foreign investment remittances without establishing any contravention of FEMA provisions. The Court quashed both rejection letters, holding the companies had complied with regulatory requirements in good faith and could not be subjected to indefinite uncertainty, directing the remittances to be processed on merits.

What was the outcome of Bennet Coleman And Co. Ltd vs Directorate Of Enforcement Through Its ...?

Times Internet Limited and Bennet Coleman (Times Group companies) challenged the rejection of their applications for overseas remittance by Authorized Dealers, where the Enforcement Directorate had di...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-195055865)