9911796707
TMI Blog2019 (8) TMI 971X X X X Extracts X X X X X X X X Extracts X X X X ..... recorded in the proceedings on 11.07.2019 to the effect that the appellants are belated with reference to the order dated 15.11.2018 which, even otherwise, had not been challenged, the orders sought to be impugned by these appeals being only consequential. At the hearing, the counsel for the appellants was asked if they are now willing to make the pre-deposits as was directed by the appellate t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt Act, 1999 (FEMA), in exercise of its jurisdiction under section 16 imposed penalties under section 13 against the appellants herein, appellant Rajinder Singh Duggal (Crl.A.793/2019) being directed to pay ₹ 30 lacs, his firm M/s. Cheap Cloth Store being asked to deposit ₹ 70 lacs, appellant Sunil Gupta (Crl.A.794/2019) being asked to pay penalty of ₹ 8 lacs, his business run in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... irst proviso to section 19(1) of FEMA. The said order was neither challenged by appeal nor complied with. 3. The above-said appeals came before the appellate tribunal for consideration on 08.05.2019. Noting the non-compliance with the direction for pre-deposit, the appellate tribunal declined to entertain the same further and, thus, dismissed the appeals of the appellants. It is the said ..... X X X X Extracts X X X X X X X X Extracts X X X X
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