Disposed

FPA-FE-72/DLI/2010 of M/s. Silicon Graphics Systems (P) Ltd. v/s The Special Director Directorate of Enforcement, New Delhi

ATFP8 Apr 2019FPA-FE-72/DLI/2010

Case brief

AI extract

What is this about?

Appeal against order in Foreign Exchange Management Act | 08.04.2019 | Court directed appellants to file undertaking to extend Bank Guarantee during appeal disposal | Adjournment listed for 07.10.2019 | No substantive adjudication

What did the court decide?

Direction to keep renewing bank guarantee till appeals decided; appeal listed for 07.10.2019.

FPA-FE-72/DLI/2010 of M/s. Silicon Graphics Systems (P) Ltd… — Banking and Recovery | ATFP (2019)

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APPELLATE TRIBUNAL, FOREIGN EXCHANGE MANAGEMENT ACT AT NEW DELHI

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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

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The Special Director Directorate of Enforcement, New Delhi … Respondent

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Advocates/Authorized Representatives who appeared

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For the Appellants : Mr. Rajiv Tyagi, Advocate Mr. Rohit Gupta, Advocate For the Respondent : Mr. Kaushlesh Pandey, Legal Consultant CORAM JUSTICE MANMOHAN SINGH : CHAIRMAN

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ORDER

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08.04.2019

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FPA-FE-72-76/DLI/2010

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The appellant has also furnished the Bank Guarantee. Counsel for the respondent states that the appellants would have to file an undertaking by way of Affidavit that the appellants shall keep on extending the Bank Guarantee till the disposal of the appeal. The order is passed accordingly. The appellants are directed to keep on renewing the bank guarantee till the appeals are finally decided.

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List these appeals on 07^th October, 2019.

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(Justice Manmohan Singh) Chairman

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New Delhi, 08^th April, 2019 ‘AS’ FPA-FE-72-76/DLI/2010

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FPA-FE-72/DLI/2010 of M/s. Silicon Graphics Systems (P) Ltd. v/s The Special Director Directorate of Enforcement, New Delhi

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FPA-FE-72/DLI/2010 of M/s. Silicon Graphics Systems (P) Ltd. v/s The Special Director Directorate of Enforcement, New Delhi

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