Disposed

FPA-FE-24/KOL/2017 of Jiwanram Sheoduttrai Industries Pvt. Ltd. v/s The Deputy Director Directorate of Enforcement, Kolkata

ATFP14 Aug 2017FPA-FE-24/KOL/2017

Case brief

AI extract

What is this about?

Application for stay of an impugned order under FEMA. The tribunal stayed the operation of the order subject to deposit of fifty per cent penalty within eight weeks and listed the matter for hearing.

What did the court decide?

Stay of impugned order subject to deposit of fifty per cent penalty within eight weeks.

What the court decided

FPA-FE-24/KOL/2017 of Jiwanram Sheoduttrai Industries Pvt. Ltd. v/s The Deputy Director Directorate of Enforcement, Kolkata — ATFP (2017) — LawSathi Research

¶1

APPELLATE TRIBUNAL, FOREIGN EXCHANGE MANAGEMENT ACT AT NEW DELHI

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FPA-FE-24/KOL/2017

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Jiwanram Sheoduttrai Industries Pvt. Ltd.

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… Appellant / Applicant

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Versus The Deputy Director Directorate of Enforcement, Kolkata

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… Respondent

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Advocates/Authorized Representatives who appeared

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For the Appellant	: Mr. Manoj Keshan, Chartered Accountant
For the Respondent	: Ms. Aagam Kaur, Legal Consultant
CORAM
JUSTICE MANMOHAN SINGH	: CHAIRMAN
SHRI G.C. MISHRA	: MEMBER
	ORDER
	14.08.2017

¶9

FPA-FE-24/KOL/2017

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A fresh appeal has been filed under Section 17 read with Section 19 of the Foreign Exchange Management Act, 1999 against the impugned order dated 10^th March, 2017. Along with the appeal an application for stay of the operation of the impugned order has been filed. We have gone through the materials filed along with the appeal as well as the grounds. We are of the view that the appeal will be heard on the next date of hearing.

¶11

In the meanwhile, the operation of the impugned order dated 10^th March, 2017 shall be stayed subject to the deposit of fifty per cent of the penalty amount with the respondent, subject to the said deposit shall be made within eight weeks from today, to the operation of the impugned order be stayed.

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List on 22^nd January, 2018 at 02: 30 PM.

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(Justice Manmohan Singh) Chairman

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(G.C. Mishra) Member

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New Delhi, 14^th August, 2017

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‘AS’

¶17

FPA-FE-24/KOL/2017

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FPA-FE-24/KOL/2017 of Jiwanram Sheoduttrai Industries Pvt. Ltd. v/s The Deputy Director Directorate of Enforcement, Kolkata

Case brief

What is this about?

What did the court decide?

What the court decided

FPA-FE-24/KOL/2017 of Jiwanram Sheoduttrai Industries Pvt. Ltd. v/s The Deputy Director Directorate of Enforcement, Kolkata

Case brief

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