https://www.taxtmi.com/caselaws?id=433196 The court upheld the jurisdiction of the Special Director of Enforcement to adjudicate and impose penalties under FERA, finding no violation of natural justice principles in the adjudication order challenged by Indian Overseas Bank (IOB) and its employees. Emphasizing the availability of alternative remedies under FEMA, the court disposed of the Writ Petition by allowing the petitioners to appeal within a specified period, stressing the importance of exhausting appellate remedies. The decision aimed to ensure due process and proper adherence to legal procedures in resolving the dispute arising from the alleged FERA violations. en-us Fri, 23 Dec 2022 00:00:00 +0530 Mon, 23 Jan 2023 21:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433196 The court upheld the jurisdiction of the Special Director of Enforcement to adjudicate and impose penalties under FERA, finding no violation of natural justice principles in the adjudication order challenged by Indian Overseas Bank (IOB) and its employees. Emphasizing the availability of alternative remedies under FEMA, the court disposed of the Writ Petition by allowing the petitioners to appeal within a specified period, stressing the importance of exhausting appellate remedies. The decision aimed to ensure due process and proper adherence to legal procedures in resolving the dispute arising from the alleged FERA violations. Case-Laws FEMA Fri, 23 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433196