Section 37A FEMA – Lawcutor

Supreme Court Holds Non-Confirmation of Seizure Under Section 37A of FEMA Bears on Adjudication Proceedings; Reiterates Writ Against Show-Cause Notice Permissible in Exceptional Cases

The Supreme Court has clarified that the non-confirmation of seizure of assets by the Competent Authority under Section 37A of the Foreign Exchange Management Act, 1999 carries significant weight in…