2019 (3) TMI 2023 - HC - FEMA

Offence under FEMA - Department has already registered and initiated investigation under the provisions of FEMA - HELD THAT - The issues raised in this petition are under investigation as stated in para 5 of the counter affidavit filed by the respondent no.1, which reads as follows 5. I humbly submit that Respondent No.1 Department has already registered and initiated investigation under the provisions of FEMA, 1999 against the Respondent No.2 and Respondent No.3 to ascertain that whether the Respondent no.2 and Respondent no.3 have been contravening any provisions of FEMA, 1999 or contravening any Rule, Regulations, Notification, Direction or order issued in exercise of the powers under FEMA, 1999 or contravening any condition subject to which an authorisation issued by the Reserve Bank of India etc. for which the investigation under FEMA, 1999 is under progress. Nothing further survives in this petition for adjudication. Dismissed.

Summary

The Delhi High Court dismissed a petition as the issues raised were under investigation by the respondent under FEMA, 1999. The petitioner did not appear in court. The respondents were represented by Mr. Amit Mahajan and others.