Supreme Court · 1996 INSC 100 · Decided 19 January 1996
Director of Enforcement v. M/S M.C.T.M. Corporation PVT. LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 1996 INSC 100 · [1996] 1 S.C.R. 215
- Case number
- CRIMINAL APPEAL No. 27/1996
- Decided
- 19 January 1996
- Bench
- A.S. ANAND, FAIZAN UDDIN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Criminal
Headnote
Foreign Exchange ReKulation Act, I 947-Sectiom JO(/)( a), I 0(2 )­ f'ailure to repatriate foreig11 exchange-Coutrave11tin:1 of provisio11s of FERA-Pe11alt.v just(fied-Meus-rea not necessary. Sectiou 23( 1) ( a)--Proceedings under Section 23 ( 1 )(a) are "cu(judicalory" i11 nature and limited company and its Directors, failed to take any action or steps for more than 15 years to repatriate the foreign exchange owned by it and lying in Malaysia, which it had the right to receive in India. Directorate of Enforcement initiated proceedings against the respondents. Respondents
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