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1996 DIGILAW 359 (SC)

Ashrust Morris & CRISP v. Lawyers Collective

1996-02-08

B.L.HANSARIA, S.C.AGRAWAL

body1996
JUDGMENT 1. Exemption allowed. 2. Shri Soli J Sorabjee, the learned senior counsel appearing for the petitioner states that the grievance of the petitioner is confined to para 12 of the impugned order whereby the High Court has directed respondent Nos. 8 and 9 to conduct an inquiry in accordance with the provisions of law as discussed in the order into the various activities, transactions or assignments under- taken by petitioner and to take appropriate action, if there is breach of any of the provisions of law. Shri Sorabji states that one of the conditions namely condition No. (vii) that has been imposed in the permission (Annexure 'C') granted by the Reserve Bank of India under Section 29 of the Foreign Exchange Regulation Act, 1973 is that liaison office will not practice law in India and will not have signing/commitment powers on behalf of the Head office. Shri Sorabji further states that the petitioner has no objection to the inquiry being conducted by the Reserve Bank in relation to that condition but he submits that no action should be finally taken on the basis of such inquiry during the pendency of the writ petition in the High Court. 3. Issue notice on the special leave petition and on appln returnable on March 1, 1996. Dasti service is permitted. 4. Shri Sanjay Parikh, the learned counsel accepts notice on behalf of respondent No. 1. Shri H.S. Parihar accepts notice on behalf of respondent No. 9, Shri UA Rana accepts notice on behalf of Respondent No. 5. Ms. Manik Karanjawala accepts notice on behalf of respondent No. 13 and Shri N Ganpathy accepts notice on behalf of respondent No. 14. Shri PH Parikh accepts notice on behalf of respondent No. 7.