2008 (7) TMI 1111

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..... eign Exchange is delivered by Sh R.N Poddar, Member. 2. This appeal is directed against adjudication order No. ADJ/71 to 78/AD/KPD/1225/BAM dated 27.1.04 passed by Assistant 32000 on the appellant for the reason of acquisition of foreign exchange and otherwise transferring the same without special in general permission of RBI and also receiving payment locally in India by or under instructions of .....

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..... within forty-five days from the date on which the order is served on the person committing the contravention, prefer an appeal to the Appellate Board * * * Provided further that where the Appellate Board is of opinion that the deposit to be made will cause undue hardship to the appellant, it may, in its own discretion, dispense with such a deposit cither unconditionally or subject lo such condi .....

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..... ce can be under to the Apex Court judgment in Nasiruddin v. Sita Ram Agarwal (2003) 2 SCC 577. Thus no equity lies in favour of the appellant. In such a situation these appeals are also liable to be dismissed for non compliance of conditional judicial order. 7. For the reasons stated herein above, this appeal is dismissed. This appeal may be consigned to record.
Case laws, Decisions, Judgeme .....

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