PRAKASH CHANDRA YADAV vs DIRECTORATE OF ENFORCEMENT

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 30.04.2026 + MISC. APPEAL(PMLA) 19/2024 PRAKASH CHANDRA YADAV .....Appellant Through: Mr. Pavan Narang, Senior Advocate with Mr. Manish Shukla, Mr. Nilash Tiwari, Ms. Aishwarya Chhabra and Mr. Himanshu Sethi, Advocates. versus DIRECTORATE OF ENFORCEMENT .....Respondent Through: Mr. Vivek Gurnani, Panel Counsel for ED with Mr. Kanishk Maurya, Advocate. CORAM: HON'BLE MR. JUSTICE NAVIN CHAWLA HON'BLE MR. JUSTICE RAVINDER DUDEJA NAVIN CHAWLA, J. (ORAL) 1. This appeal has been filed under Section 35 of the Foreign Exchange Management Act, 1999 [hereinafter, “FEMA”] read with Section 54 of the Foreign Exchange Regulation Act, 1973 [hereinafter, “FERA”], challenging the order dated 29.05.2024 passed by the learned Appellate Tribunal for Foreign Exchange under SAFEMA [“the Tribunal”] in Appeal No. FPA-FE-311/DLI/2005, titled as, “Shri Prakash Chandra Yadav vs. The Special Director, Directorate of Enforcement, Delhi”, inter alia dismissing the appeal filed by the appellant herein. 2. The appellant had filed the above appeal before the learned Tribunal, challenging the order dated 30.11.2004, whereby the learned Adjudicating Authorit