2008 (8) TMI 926

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....at Mumbai on the allegation that he, along with one Yusuf Dhanani, had fraudulently prepared bills of lading and cheated the Revenue of a huge amount. 2. On 2-1-2002, the appellant was admitted to bail by the High Court. On 22-2-2002, Yusuf Dhanani was arrested and thereafter detained under S.3(1) of the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (hereinaf....

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....from prosecution could not be granted to the appellant without imposing conditions, and, accordingly, while granting immunity the Settlement Commission took note of the fact that dues amounting to Rs. 7,64,224 had been deposited. An additional penalty of Rs. 50,000 was also imposed by the said Settlement Commission, against which the appellant moved the High Court in its writ jurisdiction and the ....

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....indulged in or said to have been indulged in by the appellant as far back as in 2002. In fact, on behalf of the Union of India it has been very fairly submitted on instruction that since the order of detention was passed, the appellant has not indulged in similar activities. 5. Having regard to the above, we are of the view that continuing the order of detention today is an exercise in futility....