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FEMA violation: Bombay HC upholds reduction in penalty on Rajasthan Royals IPL team owners
Updated On: 14 December, 2023 01:25 PM IST | Mumbai | PTI
A division bench of Justices K R Shriram and Neela Gokhale in its judgement on Wednesday dismissed an appeal filed by the Enforcement Directorate (ED) challenging the July 11, 2019 order passed by the tribunal
Bombay High Court. File Pic
The Bombay High Court has upheld an order passed by a tribunal reducing the penalty imposed on the owners of the Indian Premier League (IPL) cricket franchise Rajasthan Royals from Rs 98 crore to Rs 15 crore for alleged financial irregularities.
A division bench of Justices K R Shriram and Neela Gokhale in its judgement on Wednesday dismissed an appeal filed by the Enforcement Directorate (ED) challenging the July 11, 2019 order passed by the tribunal.
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