https://www.taxtmi.com/caselaws?id=466292 Preventive detention under COFEPOSA cannot be sustained without substantive material showing an actual foreign exchange transaction or a real FEMA violation attributable to the detenu. Mere possession of foreign currency within the permissible RBI limit, unsupported hawala allegations, and statements lacking concrete transaction details were insufficient to form valid subjective satisfaction; the detention order was therefore held illegal and the detenu was directed to be released forthwith if not required in any other case. en-us Tue, 09 Apr 2024 00:00:00 +0530 Sun, 01 Feb 2026 19:07:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466292 Preventive detention under COFEPOSA cannot be sustained without substantive material showing an actual foreign exchange transaction or a real FEMA violation attributable to the detenu. Mere possession of foreign currency within the permissible RBI limit, unsupported hawala allegations, and statements lacking concrete transaction details were insufficient to form valid subjective satisfaction; the detention order was therefore held illegal and the detenu was directed to be released forthwith if not required in any other case. Case-Laws FEMA Tue, 09 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466292