https://www.taxtmi.com/caselaws?id=419905 The Court upheld the seizure orders under the Foreign Exchange Management Act, 1999, totaling Rs. 270.00 crores. The Single Judge's provisional release order was deemed improper as no statutory provision was cited for the release. The Competent Authority affirmed the seizure orders under Section 37A(2) of the Act. The writ petitioner was granted the right to appeal or seek other remedies provided by law. The Court set aside the release order, leaving all rights and contentions open, and closed pending miscellaneous applications with no order as to costs. en-us Fri, 25 Feb 2022 00:00:00 +0530 Wed, 12 Oct 2022 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419905 The Court upheld the seizure orders under the Foreign Exchange Management Act, 1999, totaling Rs. 270.00 crores. The Single Judge's provisional release order was deemed improper as no statutory provision was cited for the release. The Competent Authority affirmed the seizure orders under Section 37A(2) of the Act. The writ petitioner was granted the right to appeal or seek other remedies provided by law. The Court set aside the release order, leaving all rights and contentions open, and closed pending miscellaneous applications with no order as to costs. Case-Laws FEMA Fri, 25 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419905