A.TAJUDEEN vs UNION OF INDIA

The Supreme Court held that A. Tajudeen violated Section 9(1)(b) of the Foreign Exchange Regulation Act, 1973 by receiving payments from a foreign resident without authorization from the Reserve Bank of India. The Court emphasized that such transactions must occur through authorized dealers to comply with the law. The appeal was dismissed, affirming the findings of the Enforcement Directorate and the High Court's judgment.