IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORDINARY ORDINARY ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION WRIT PETITON NO.2023 OF 2005 WRIT PETITON NO.2023 OF 2005 WRIT PETITON NO.2023 OF 2005 M/s.Sobhraj Jewellers ..Petitioner. V/s. Union of India & Ors. ..Respondents. Mr.Vikram Nankani with Ms.Indu Prashant i/b. S. Ashwinikumar & Co. for petitioner. Mr.Vijay Kantharia for respondent. CORAM : V.C. DAGA AND CORAM : V.C. DAGA AND CORAM : V.C. DAGA AND J.P.DEVADHAR, JJ. J.P.DEVADHAR, JJ. J.P.DEVADHAR, JJ. DATED : 16TH AUGUST, 2005. DATED : 16TH AUGUST, 2005. DATED : 16TH AUGUST, 2005. P.C. :- P.C. :- P.C. :- Rule returnable forthwith. By consent of parties, heard finally. Both parties agree that without recording any reasons, the impugned order be set aside and the matter be remanded back to the Appellate Tribunal of Foreign Exchange, New Delhi for decision according to law following the principles of natural justice. Needless to mention that the principles of natural justice requires the authorities while deciding the matter to record reasons so as to enable the higher Court to read the mind of the authority deciding the matter. The petitioner is directed to appearing before the Appellate Authority on 1st September, 2005. All rival contentions are kept open. 2. With above directions, the petition stands disposed of with no order as to costs. (V.C. DAGA, J.) (V.C. DAGA, J.) (V.C. DAGA, J.) (J.P.DEVADHAR, J.) (J.P.DEVADHAR, J.) (J.P.DEVADHAR, J.)