2015 (11) TMI 28

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he nature of certiorari for quashing the order dated 23.7.2015 (Annexure P-9) passed by the Appellate Tribunal for Foreign Exchange, New Delhi (in short "the Tribunal") in appeal No. 23 of 2014 directing the petitioner to deposit 15% of the penalty amount and to furnish a security for the balance amount of 85% within 30 days from the date of communication of the order as a pre-deposit. 3. The facts, in brief, necessary for adjudication of the present petition as narrated therein are that the officials of the Enforcement Directorate, Jalandhar searched the residential premises of various persons including the petitioner and recovered documents from the petitioner regarding distribution of compensatory payment. The petitioner in his statemen....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ve contravened Sections 9(1)(b) and 9(1)(d) of the FERA to the tune of Rs. 1,71,11,000/-, Raj Kumar has contravened FERA to the tune of Rs. 5,87,000/- and Tilak Raj-petitioner has contravened FERA amounting to Rs. 6,59,000/-. The adjudicating authority imposed the penalty of Rs. 1,30,000/- upon the petitioner and directed to deposit the said amount by way of demand draft drawn in favour of Assistant Director, Directorate of Enforcement, Jalandhar in the office of respondent. Feeling aggrieved, the petitioner filed an appeal along with an application (Annexure P-8) for staying the operation of the order dated 27.3.2014 (Annexure P-7) before the Tribunal. Another application for dispensing with prior deposit of the penalty amount was filed on....