2021 (11) TMI 1207

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.... ORDER The writ petition is filed, challenging the Adjudication Order passed by the respondent in proceedings dated 28.07.2011. 2. The order of adjudication was issued in accordance with the provisions of the Foreign Exchange Management Act, 1999 (42 of 1999). In the preamble of the order, the respondent has categorically stated that an appeal against the adjudicatory order shall lie with the S....

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....acts cannot be adjudicated in the present writ petition as the criminal cases are also pending against the parties concerned. 4. Perusal of the adjudicatory order reveals that the money was confiscated from the Manager of the petitioner and therefore, opportunity was given to the person from whom, the money was confiscated. Under these circumstances, if at all, the petitioner claims that he is th....

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....d received a total sum of Rs. 49.5 lakhs on 13.05.2002 from 3 persons and the seized a sum of Rs. 9 lakhs forms part of the above sum of Rs. 49.5 lakhs. Further Shri Rasheeth Khan, Banwarilal Maroo and Jabbar Singh @ Arjun, in their statements given before the respondent Department, have also admitted the payments made by them to Shri Sreenivasan as per the instructions of persons residing in Sing....