2014 (7) TMI 1368 - SCH - FEMA

SC of India dismisses special leave petition, condones delay. Impugned order's observations won't impact future proceedings.

The SC of India dismissed the special leave petition, condoning the delay. Observations in the impugned order on the case's merit will not affect future ... Violation of FEMA - Imposition of Penalty - Definition of Person u/s 2(u) - penalty was imposed on the President of the Board of Control for Cricket in India for the violation of the Act - Matter remanded back with direction to Special Director, Directorate of Enforcement first to form his opinion, after recording reasons, whether to proceed against the petitioner with regard to the impugned 11 show cause notices - HELD THAT:- Special leave petition is dismissed. Any observation made in the impugned order in regard to the merit of the case shall have no bearing at the later stage of the proceedings. The Supreme Court of India dismissed the special leave petition while condoning the delay. Observations made in the impugned order regarding the merit of the case will not impact later proceedings.