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Reason for suspension or cancellation of a licence is mandatory rules, Delhi High Court

January 8, 2021[2021] 123 12 (Delhi)

FEMA, BANKING & INSURANCE : Suspension or cancellation of any licence, certificate, scrip or any instrument bestowing financial or fiscal benefits can only be 'for good and sufficient reasons' and, thus, requirement of giving reasons cannot be dispensed with and is mandatory

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