2024 (3) TMI 1558

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....24 (Misc) MP - FE - 807/CHN/2020 (Stay) MP - FE - 808/CHN/2020 (Misc) FPA - FE - 96/CHN/2020 - -<br>FEMA<br>&nbsp; SHRI RAJESH MALHOTRA, MEMBER For the Appellants : Mr. Hariharan, Advocate Mr. Ashutosh Kumar, Adv. Mr. Shaurya Vardhan, Adv. Ms. Priyanka Shetty, Adv. Ms. Sherna Duongaji, Adv., Mr. Narasappa, Advocate, Ms. Simran Bhat, Adv. For the Respondent : Mr. Shoumendu Mukherjee, Adv. ....

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....liable for contravention of Section 6(3)(f) and Section 6 (3)(j) of FEMA, 1999, as it has not issued or executed any document. Standard Chartered Bank is not a guarantor in any manner it accepted the documents as security. He further contended that appellant is not a beneficiary to the alleged contravention, if any. Ld. Counsel for the appellant in Appeal No. FPA-FE-95/CHN/2020 submitted that h....

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....nt. After hearing the rival submission, I have given my thoughtful consideration to the same. I am of the view that my expression with respect to prima facie case against the appellants without hearing the final arguments will amount to my expression on the merits of the case. Hence, without discussing the details of the said material facts and seeing the minor role of the present appellants, t....