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HC directs RBI to reconsider plea of JSPL to remit USD 300 million to its wholly owned Mauritius based subsidiary

December 5, 2020[2020] 122 taxmann.com 51 (Delhi)
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FEMA, BANKING & INSURANCE : Where RBI refused to grant permission to petitioner JSPL to remit USD 300 million to its wholly owned Mauritius based subsidiary, however no reasons were given as to why application of petitioner was being rejected and RBI had merely at behest of Enforcement Directorate passed impugned rejection order, RBI was to be directed to reconsider plea of JSPL

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