2025 (4) TMI 1766

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....N/2023, MP-FE- 266/CHN/2023(Stay), MP-FE- 05/CHN/2023(Pre-deposit), FPA-FE- 02/CHN/2023 - -<br>FEMA<br>Rajesh Malhotra, Member For the Appellant : Prashant Pandey. Karan Kumar, Adv. For the Respondent (ED) : Shoumendu Mukherji, Anshuman Mohanty, Advocates ORDER 1. Arguments heard on application for waiver of pre deposit of penalty amount. During the arguments learned counsel for the ap....

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....ndent ED strongly opposed the submissions made by the learned counsel for the applicants/appellants. Prayer is accordingly made to dismiss the application for waiver of pre deposit of penalty amount, as applicants/appellants cannot be permitted to take the plea that they are not in any financial condition to pay any penalty amount after siphoning of their assets/funds. 5. After hearing the riva....