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    <title>2014 (1) TMI 972 - MADRAS HIGH COURT</title>
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    <description>A writ petition challenging the Tribunal&#039;s refusal to waive pre-deposit was held not maintainable because FEMA provides a complete statutory mechanism, including an appellate remedy to the High Court. The Court applied the principle that in fiscal statutes, an efficacious statutory remedy ordinarily bars recourse to Article 226 writ jurisdiction. It also rejected the contention that an oral waiver order had earlier been passed, finding no basis for that plea. The challenge to the Tribunal&#039;s order therefore failed, and the petitioner was left to pursue the statutory appeal process.</description>
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      <title>2014 (1) TMI 972 - MADRAS HIGH COURT</title>
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      <description>A writ petition challenging the Tribunal&#039;s refusal to waive pre-deposit was held not maintainable because FEMA provides a complete statutory mechanism, including an appellate remedy to the High Court. The Court applied the principle that in fiscal statutes, an efficacious statutory remedy ordinarily bars recourse to Article 226 writ jurisdiction. It also rejected the contention that an oral waiver order had earlier been passed, finding no basis for that plea. The challenge to the Tribunal&#039;s order therefore failed, and the petitioner was left to pursue the statutory appeal process.</description>
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