The tribunal listed the appeals for a further date to consider requests regarding time for depositing penalty amounts and reliable security in the form of immovable property or bank guarantees.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
APPELLATE TRIBUNAL, FOREIGN EXCHANGE MANAGEMENT ACT AT NEW DELHI
1. FPA-FE-16/DLI/2014 Sh. Rohit Sehgal … Appellant / Applicant 2. FPA-FE-60/DLI/2014 Sh. Shyam Manohar Bajaj … Appellant / Applicant
&
3. FPA-FE-02/DLI/2015 Sh. Ramesh K. Padodia … Appellant / Applicant Versus
The Additional Director Directorate of Enforcement, Delhi … Respondent
Advocates/Authorized Representatives who appeared
For the Appellant : Sh. Govind Rishi, Advocate For the Respondent : Mr. Pankaj Yadav, Legal Consultant
CORAM JUSTICE MANMOHAN SINGH : CHAIRMAN SHRI G. C. MISHRA : MEMBER ORDER 18.07.2018
FPA-FE-16 & 60/DLI/2014 & FPA-FE-02/DLI/2015
Learned counsel for the appellant has pointed out the order dated 06th July, 2018 passed in Criminal Appeal No. 422/2016 whereby six weeks time was granted to the appellant to deposit the Rs. 1.5 Lacs. Counsel for the appellants states that he will comply the order within the time granted by the Hon’ble High Court.
As far as appeal filed by Sh. Shyam Manohar Bajaj and Sh. Ramesh K. Padodia are concerned being appeal nos. FPA-FE-60/DLI/2014 and FPA-FE02/DLI/2015, counsel for the appellant states that the penalty amount has been deposited, however the reliable security as directed has not been deposited. Counsel for the appellant seeks six weeks time to deposit the penalty reliable security by way of immovable property. Counsel for the
FPA-FE-16 & 60/DLI/2014 & FPA-FE-02/DLI/2015
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respondent states that they may be directed to furnish the bank guarantee and it be considered in the next date.
In the meanwhile, they should furnish the immovable property for the said amount.
List on 28th November, 2018.
(Justice Manmohan Singh) Chairman
(G. C. Mishra)
Member
New Delhi, 18th July, 2018
‘AS’
FPA-FE-16 & 60/DLI/2014 & FPA-FE-02/DLI/2015
Page 2 of 2
Sh. Rohit Sehgal
Sh. Shyam Manohar Bajaj
Sh. Ramesh K. Padodia
The Additional Director Directorate of Enforcement, Delhi
Manmohan Singh
G. C. Mishra
11 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
