Directorate of Enforcement Ministry of Finance Thr. the Assistant Director v. M M Chungath
Case brief
What is this about?
FEMA appeals disposed of as withdrawn by consent; Directorate of Enforcement v. Standard Chartered Grindlays Ltd. and Canara Bank; challenge to Appellate Tribunal judgment dated 20.09.2019 ('Judgment in SCB matters' and 'Judgment in Canara Bank matters'); condonation of delay 43-60 days under Section 35 Foreign Exchange Management Act 1999; abatement on death of respondent Paul Pereira; non-refund of penalty deposits of INR 7,25,07,000/-; deposit of INR 62,00,000/- by Australia and New Zealand Banking Group Limited / SCB-side respondents within four weeks; refund of Canara Bank's INR 62,00,000/- deposit within three months; deposit without prejudice and without admission of liability; order expressly not a precedent; praecipe for speaking to the minutes correcting paragraph 14; FERA contravention references in quoted Tribunal findings; advocates Ashish Chavan, Zishan Quazi, Amit Desai (Senior), Gopalkrishna Shenoy, Vivek Sharma; coram B. P. Colabawalla and Firdosh P. Pooniwalla, JJ.; decided 27 June 2025.