2021 (2) TMI 904

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....umanta Biswas, Yashvardhan Kochar and Bikash Shaw, for the Petitioner. Ms. Debjani Roy and Shri Sumitava Chakraborty, for the Respondent. ORDER Learned Counsel appearing for the petitioners challenges the show cause notice dated 17th June, 2020 on the question of jurisdiction. According to the petitioner, the show cause notice has been issued without considering the amendments made in var....

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....n made in accordance with Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 or not. The issue can be sorted out only after all the relevant documents are placed before the authorities. Thus, I am not entering into the merits of the case. 5. Considering the pandemic situation, the authorities are requested to allow the petitioners to submit their record w....