2024 (8) TMI 404

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.....Mohammed Suhail for M/s.Ajmal Associates For the R1 : Mr. R. Vijayarajan For the R2 : No appearance ORDER This Writ Petition has been filed for issuance of a Writ of Mandamus directing the respondent to foreclose the fixed deposit opened by the first respondent out of the money of the petitioners and direct the second respondent Bank, to release the money in favour of the petitioners ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ssions and findings and having regard to the facts and circumstances of the case and pursuant to the powers vested with me under Section 13(1) of FEMA, 1999, I hereby impose the following penalties on the Noticees mentioned against each of them:- S. No. Name of the Noticees Sections and Regulations Contravened Penalty Amount 1. Shri Nagoor Pitchai (Noticee No.3) Section 3 (c) ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e India) and to the extent of Rs. 1,20,40,000/- (Rupees One Crore Twenty Lakhs Forty Thousand Only) against Smt. S. Malitha Banu (a person resident outside India) have been dropped, I do not propose to order confiscation of the amount of cash balances as available in the (a) Deposit No. 829045110001077 for an amount of Rs. 74,65,961/- emanating from the 3 Term Deposit Receipts of (Smt. S. Malitha ....