2002 (9) TMI 760 - HC - Companies Law

Summary

The High Court of Delhi disposed of a writ petition challenging an order by the Appellate Tribunal for Foreign Exchange regarding a penalty under the Foreign Exchange Regulation Act, 1973. The petitioner's request for complete waiver of the penalty was not granted. Instead, the court ordered the petitioner to deposit 50% of the penalty amount and provide security for the remaining balance within four weeks.