2009 (11) TMI 504

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.... provisions by late Mr. Hansraj Thacker and late Mr. Bharat Thacker. 2. Against the said adjudication order late Mr. Bharat Thacker had filed two appeals before the Appellate Tribunal of Foreign Exchange which was earlier known as FERA Board. The first appeal is as a legal representative of late Mr. Hansraj Thacker and the second appeal in his personal capacity. Mr. Hansraj Thacker expired on 27-8-1994. Along with the appeals, Mr. Bharat Thacker had filed applications for waiver of pre-deposit of the penalty amounts. During the pendency of the two appeals, Mr. Bharat Thacker had also expired on 18-9-2000. 3. The petitioner herein Ms. Yasmin M.V. Valibhoy @ Mrs. Roopal Thacker thereafter filed applications dated 12-7-2006 for being bro....

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....de. 7. The petitioner being a legal representative will be liable to the extent that she has inherited the estate from late Mr. Bharat Thacker. The estate of late Mr. Bharat Thacker is liable and can be attached and forfeited under provisions of the Foreign Exchange Regulation Act, 1973, on account of the adjudication order passed against Mr. Bharat Thacker. This is, therefore, necessary to enquire about the total estate left behind by late Mr. Bharat Thacker. No such enquiry was made and gone into. The petitioner herein has also not filed any affidavit stating and giving details of the estate left behind by late Mr. Bharat Thacker, what has happened to the said estate and who has inherited the same. In case late Mr. Bharat Thacker has l....