New Delhi, July 1 -- The Supreme Court on Monday junked a plea filed by former cricket administrator Lalit Modi seeking an order to the BCCI to pay a penalty of '10.65 crore imposed on him by the ED for violating the Foreign Exchange Management Act (FEMA). A bench of Justices PS Narasimha and R Mahadevan, however, said Modi will be entitled to avail civil remedies as available according to law.
The Bombay High Court on December 19 last year had imposed a cost of '1 lakh on Modi while dismissing his petition seeking an order to the BCCI to pay a penalty of '10.65 crore imposed on him by the Enforcement Directorate for violating FEMA.
The high court had said the petition was "frivolous and wholly misconceived" as the adjudication authority ...