Maintainability of a Section 7 insolvency petition against a financial service provider denied; appeal dismissed for non maintainability and complex d...
Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
Admissibility of statements recorded under the Customs Act in FEMA proceedings was upheld where those statements were corroborated by independent evidence; retracted confessional statements may be relied upon if supported by corroboration and not shown to be involuntary, and the tribunal accepted prior Supreme Court principles on this point. Digital and physical evidence recovered and examined by GEQD, Hyderabad, including transaction records and slip pads, corroborated payments routed through intermediaries and non-banking channels, supporting findings of contravention of FEMA. Penalties against the principal respondents for contravening FEMA provisions were sustained, while penalties imposed on nominal partners were set aside.
Admissibility of statements recorded under the Customs Act in FEMA proceedings was upheld where those statements were corroborated by independent evidence; retracted confessional statements may be relied upon if supported by corroboration and not shown to be involuntary, and the tribunal accepted prior Supreme Court principles on this point. Digital and physical evidence recovered and examined by GEQD, Hyderabad, including transaction records and slip pads, corroborated payments routed through intermediaries and non-banking channels, supporting findings of contravention of FEMA. Penalties against the principal respondents for contravening FEMA provisions were sustained, while penalties imposed on nominal partners were set aside.
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