Directorate of Enforcement Ministry of Finance Thr. the Assistant Director v. M M Chungath
Case brief
What is this about?
Bombay High Court FEMA appeals by Directorate of Enforcement vs Standard Chartered Grindlays Ltd./its officers, Australia and New Zealand Banking Group Limited, Canara Bank and its officers, challenging Appellate Tribunal judgments dated 20.09.2019 ('Judgment in SCB matters'; 'Judgment in Canara Bank matters'). All appeals disposed of as withdrawn by consent (order dated 02.05.2025, corrected 27.06.2025); delay of 43-60 days condoned under Section 35 FEMA; appeal of deceased respondent (Paul Pereira) abated; appeals with incomplete service withdrawn; Rs. 7,25,07,000 deposited under SCB-matters appeals held non-refundable; fresh non-refundable deposit of Rs. 62,00,000 directed from SCB-matters respondents/ANZ within 4 weeks; Canara Bank allowed refund of its Rs. 62,00,000 within 3 months; order expressly declared not a precedent. Coram: B. P. Colabawalla & Firdosh P. Pooniwalla, JJ.