2025 (11) TMI 1557

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....av, learned counsel for the Appellants and Mr. Shukla for the Respondent. 2. Mr. Yadav submits that the following question of law is involved in this Appeal: - "Under the facts circumstances of the case whether Hon'ble Appellate Tribunal for Foreign Exchange was justified in setting aside the order of confiscation of the amounts lying in NRE/SB accounts which accounts are admittedly us....

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....has interfered with the confiscation part of the order impugned before it. 5. Mr. Yadav submitted that once it was established that the Respondent had breached the provisions of FERA and the rules, confiscation should have followed as a matter of course. He submitted that this is the import of clause (a) to the explanation to Section 63 of the FERA. He also submitted that the Tribunal failed to....