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TMI Blog2024 (8) TMI 404X X X X Extracts X X X X X X X X Extracts X X X X ..... e the fixed deposit opened by the first respondent out of the money of the petitioners and direct the second respondent Bank, to release the money in favour of the petitioners - HELD THAT:- At the time when the proceedings were pending against the petitioners before the Adjudicating Authority under Section 3 of the Foreign Exchange Management Act, 1999, the Accounts of the petitioners, in which, F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the fixed deposit opened by the first respondent out of the money of the petitioners and direct the second respondent Bank, to release the money in favour of the petitioners by considering the representation of the petitioners dated 06.02.2018, within the time that may be stipulated by this Court. 2. At the time when the proceedings were pending against the petitioners before the Adjudicating Auth ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . No. Name of the Noticees Sections and Regulations Contravened Penalty Amount 1. Shri Nagoor Pitchai (Noticee No.3) Section 3 (c) of Foreign Exchange Management Act, 1999 to the extent of Rs. 21,00,000/- (Rupees Twenty One Lakhs only) . Rs. 10,000/- 2. Shri S. Sulthan Maideen (Noticee No.4) Section 3 (b) of Foreign Exchange Management Act, 1999 to the extent of Rs. 42,00,000/- (Rupees Forty Two L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7 for an amount of Rs. 74,65,961/- emanating from the 3 Term Deposit Receipts of ( Smt. S. Malitha Banu ), (b) Deposit No.829045110001078 for an amount of Rs. 68,87,259/- emanating from the 3 Term Deposit Receipts of Shri Y.Shahul Hameed ) along with (c) Deposit No.829045110001079 for an amount of Rs. 23126.37/- (Rs.14,095.37.00 emanating from the SB accounts of both ( the Noticee No.1 and Rs. 903 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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