New Delhi, June 30 -- The Supreme Court on Monday dismissed former cricket administrator Lalit Modi's plea seeking an order directing the Board of Control for Cricket in India (BCCI) to pay a penalty of Rs.10.65 crore imposed on him by the Enforcement Directorate (ED) for alleged violations of the Foreign Exchange Management Act (FEMA).
A Supreme Court bench comprising Justices P S Narasimha and R Mahadevan ruled that Lalit Modi could pursue civil remedies available under the law but refused to compel the BCCI to bear the penalty amount.
This Supreme Court decision follows a December 19, 2023, ruling by the Bombay High Court which had termed Lalit Modi's petition "frivolous and wholly misconceived," while imposing a cost of Rs.1 lakh on...
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