PANKAJ GUPTA vs ENFORCEMENT DIRECTORATE THR ADDITIONAL DIRECTOR

Judgment text excerpt

$~67 to 69 * IN THE HIGH COURT OF DELHI AT NEW DELHI + W.P.(C) 16598/2025 Date of Decision: 23.03.2026 IN THE MATTERS OF: PANKAJ GUPTA .....Petitioner Through: Mr. Prashant Pandey, Ms Akshita Chand, Mr Karan Kumar Advocates. versus ENFORCEMENT DIRECTORATE THR ADDITIONAL DIRECTOR .....Respondent Through: Mr. Vivek Gurnani, Advocate. + W.P.(C) 16631/2025 SHASHANK SRIVATSAVA .....Petitioner Through: Mr. Prashant Pandey, Ms Akshita Chand, Mr Karan Kumar Advocates. versus ENFOCEMENT DIRECTORATE THR ADDITIONAL DIRECTOR .....Respondent Through: Mr. Vivek Gurnani, Advocate. AND + W.P.(C) 16691/2025 LATE DALIP SRIVATSAVA .....Petitioner Through: Mr. Prashant Pandey, Ms Akshita Chand, Mr Karan Kumar Advocates. Signature Not Verified Signature Not Verified Signed By:NEHA CHOPRA Signed Signing Date:28.03.2026 By:PURUSHAINDRA 14:15:13 KUMAR KAURAV versus ENFORCEMENT DIRECTORATE THR ADDITIONAL DIRECTOR .....Respondent Through: Mr. Vivek Gurnani, Advocate. CORAM: HON’BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV JUDGEMENT PURUSHAINDRA KUMAR KAURAV, J. (ORAL) 1. The petitioners seek to challenge the order dated 01.07.2025 passed by the Appellate Tribunal, Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (“SAFEMA”), whereby the applications filed by the petitioners for waiver of pre-deposit of penalty amounts have been partly allowed. 2. For the sake of clarity, the name of the petitioner(s), penalty imposed, contravention amount and pre-deposit amount required to be deposited by the petitioners, as per Impugned Order, is extracted as under: Petitioner name Penalty imposed Contravention Pre-deposit amount amount as per impugned order Pankaj Gupta Rs.42,00,000/- Contravention of Section 3(d) of Rs.4,20,000/- FEMA, 1999 to the extent of Rs.82,37,000/- Late Dalip