# CITIBANK N.A. vs SPECIAL DIRECTOR OF ENFORCEMENT

Court: Delhi High Court
Date: 2026-03-12
Citation: MISC. APPEAL (FEMA)-25/2025 2026:DHC:2161-DB
Petitioner: CITIBANK N.A.
Respondent: SPECIAL DIRECTOR OF ENFORCEMENT

[Official PDF on Delhi High Court website](https://delhihighcourt.nic.in/app/showFileJudgment/61712032026FEMA252025_112838.pdf)

## Judgment text (excerpt)

$~15 to 21, 29 and 30 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 12th March, 2026 15 + MISC. APPEAL (FEMA) 25/2025 CITIBANK N.A. .....Appellant Through: Mr. Rajeev K. Virmani, Sr. Adv, Ms. Rashmi Virmani, Mr. Krishan Tewary, Ms. Shriya Gambhir, Ms. Diva Saigal, Advs. versus SPECIAL DIRECTOR OF ENFORCEMENT .....Respondent Through: Mr. Vivek Gurnani, Panel Counsel, Mr Kanishk Maurya Adv. for DoE. 16 + MISC. APPEAL (FEMA) 26/2025 HONGKONG AND SHANGHAI BANKING CORPORATION LTD. .....Appellant Through: Mr. Ateev Mathur, Mr. Amol Sharma, Mr. Sanjay Gupta Mr. Anmol Mehta & Ms. Tanya Baijla, Advs. versus ENFORCEMENT DIRECTORATE .....Respondent Through: Mr. Vivek Gurnani, Panel Counsel, Mr Kanishk Maurya Adv. for DoE. 17 + MISC. APPEAL (FEMA) 27/2025 CITIBANK, N.A. .....Appellant Through: Mr. Rajeev K. Virmani, Sr. Adv., Ms. Rashmi Virmani, Mr. Krishan Tewary, Ms. 1. These appeals have been filed under Section 35 of the Foreign Exchange Management Act, 1999, challenging the orders passed by the learned Appellate Tribunal for Foreign Exchange, New Delhi in the appeals reference of which is being given in the form of chart herein under. Appeals before the Original Appeals list

https://niyam.ai/judgements/high-court/2026/march/citibank-n-a-vs-special-director-of-enforcement