https://www.taxtmi.com/caselaws?id=424746 The Court granted interim relief to the petitioners in a case challenging provisional attachment orders under the Foreign Exchange Management Act, 1999. The Court allowed the interim release of Rs. 25 crores to the petitioners for day-to-day expenses and employee salaries, with conditions to disclose utilization details and prohibit remittance overseas. This decision supplemented a previous release of Rs. 15.5 crores, providing support until the final resolution of the writ petition. en-us Tue, 31 May 2022 00:00:00 +0530 Thu, 07 Jul 2022 21:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424746 The Court granted interim relief to the petitioners in a case challenging provisional attachment orders under the Foreign Exchange Management Act, 1999. The Court allowed the interim release of Rs. 25 crores to the petitioners for day-to-day expenses and employee salaries, with conditions to disclose utilization details and prohibit remittance overseas. This decision supplemented a previous release of Rs. 15.5 crores, providing support until the final resolution of the writ petition. Case-Laws FEMA Tue, 31 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424746