The tribunal granted liberty to the respondent to apply for defects in a bank guarantee filed by appellants in five Foreign Exchange Management Act appeals. Appellants were directed to file written synopses on the next date.
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. MP-FE-100/DLI/2010 (Recall) FPA-FE-72/DLI/2010 |
||
|---|---|---|
| M/s. Silicon Graphics Systems (P) Ltd. | … | Appellant |
| 2. FPA-FE-73/DLI/2010 | ||
| Ashok K. Desai | … | Appellant |
| 3. FPA-FE-74/DLI/2010 | ||
| Sam Edward Laub | … | Appellant |
| 4. FPA-FE-75/DLI/2010 | ||
| John C. Metcalfe | … | Appellant |
| & | ||
| 5. FPA-FE-76/DLI/2010 | ||
| Steve Cakebread | … | Appellant |
| Versus | ||
| The Special Director Directorate of Enforcement, New Delhi |
… | Respondent |
Advocates/Authorized Representatives who appeared
| For the Appellants | : Mr. Rajiv Tyagi, Advocate |
|---|---|
| Mr. Rohit Gupta, Advocate | |
| Mr. Manish Kumar, Advocate | |
| For the Respondent | : Mr. Pankaj Yadav, Legal Consultant |
| CORAM | |
| JUSTICE MANMOHAN SINGH | : CHAIRMAN |
ORDER 22.10.2018
FPA-FE-72-76/DLI/2010
Learned counsel for the appellant states that the appellant is ready with the Bank guarantee for a sum of Rs. 2,02,00,000/- (Rupees Two Crore and Two Lakh only). As far as Rs. 40,40,000/- (Rupees Forty Lakhs and Forty Thousand only) is concerned, the same has already been deposited by Demand Draft with the respondent. Learned counsel for the appellant has filed the photocopy of the Bank Guarantee and states that he will furnish the Bank Guarantee to the satisfaction of the respondent within one week from today. The respondent is allowed to have the satisfaction done as per law.
FPA-FE-72-76/DLI/2010
Page 1 of 2
As far as merit of the case is concerned, both the parties are allowed to
file the written synopsis by the next date.
List on 07th January, 2019.
Liberty is granted to the respondent to move the application if in case of
any defect in the Bank Guarantee.
(Justice Manmohan Singh)
Chairman
New Delhi, 22nd October, 2018
‘AS’
FPA-FE-72-76/DLI/2010
Page 2 of 2
M/s. Silicon Graphics Systems (P) Ltd.
The Special Director, Directorate of Enforcement, New Delhi
Ashok K. Desai
Sam Edward Laub
John C. Metcalfe
Steve Cakebread
MANMOHAN SINGH
As recorded by the court registry
15 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
