https://www.taxtmi.com/caselaws?id=103261 Pending an appeal under the Foreign Exchange Regulation Act, 1973, the appellate authority may dispense with deposit of the penalty amount where insisting on deposit would cause undue hardship, but that discretion must first be exercised on the application before it. In the absence of any stay from the appellate authority, the recovery authority may require deposit and its direction is not unlawful. At the same time, where the appeal and dispensation request remain pending, limited protective relief may be granted to preserve the appellant's position until the appeal is decided, with a direction for expeditious disposal. en-us Thu, 06 Jul 1995 00:00:00 +0530 Tue, 21 Feb 2012 18:15:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103261 Pending an appeal under the Foreign Exchange Regulation Act, 1973, the appellate authority may dispense with deposit of the penalty amount where insisting on deposit would cause undue hardship, but that discretion must first be exercised on the application before it. In the absence of any stay from the appellate authority, the recovery authority may require deposit and its direction is not unlawful. At the same time, where the appeal and dispensation request remain pending, limited protective relief may be granted to preserve the appellant's position until the appeal is decided, with a direction for expeditious disposal. Case-Laws Companies Law Thu, 06 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103261