SC stays Bombay HC order favouring Lalit Modi in FEMA case

NEW DELHI: The Supreme Court on Tuesday stayed the Bombay High Court's 2019 order in favour of fugitive businessman Lalit Modi, who had sought to cross-examine BCCI officials in connection with alleged FEMA violation case. The Bombay High Court had asked the Enforcement Directorate to consider afresh a request for giving Modi the reply of BCCI to their show cause notice in 2011. The agency appealed the order in the apex court.

Solicitor General Tushar Mehta, representing the EC, urged the top court to stay the High Court order.

After a brief hearing in the matter, a bench comprising Justices Rohinton Fali Nariman, Navin Sinha and Krishna Murari said: "Issue notice. In the meanwhile, there shall be stay of operation of the impugned judgment and order of the High Court."

Lalit Modi approached the High Court against the decisions, in August 2017 and January 2018, of the Director of Enforcement, as an adjudicating authority under the Foreign Exchange Management Act, 1999 and Foreign Exchange Management (Adjudication Proceedings and Appeals) Rules, 2000. IANS

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