2015 (2) TMI 1160

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..... TMI 1160 - KERALA HIGH COURT - TMI - Penalty under Section 13(1) of Foreign Exchange Management Act, 1999 - direction to the fourth respondent seeked to release the balance amount directed to be released to the petitioner under Ext.P1 order - Held that:- As a statutory appeal under Section 17 of the Act is pending before the fifth respondent and the said amount cannot be released during the pende .....

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..... #39;the Act'). After hearing the petitioner, the fourth respondent had passed Ext.P1 order imposing a penalty under Section 13(1) of the Act, and further directed to release the balance amount, after appropriating the penalty from the seized amount. Against this order, the fourth respondent filed an appeal under Section 17 of the Act before the fifth respondent. This writ petition is filed see .....

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