ALO Law Office- IDT Tax I Arbitration I Litigation
Date: 26.05.2025
Delhi High Court Quashes DRI Summons and Complaint in Foreign Currency Case
The Delhi High Court in CRL.M.C. 7919/2023 & CRL.M.A. 29532/2023 quashed the criminal complaint and the summoning order issued against Mr. Pawan Kant Munjal, Executive Chairman of Hero MotoCorp, by the Directorate of Revenue Intelligence (DRI). The court held that the proceedings were based on a set of facts already conclusively adjudicated in favour of the petitioner, and continuing with the prosecution would amount to an abuse of process of law.
Background of the Case
- Petitioner: Pawan Kant Munjal, Executive Chairman, Hero MotoCorp
- Complaint Filed By: Directorate of Revenue Intelligence (DRI)
- Subject: Alleged violation involving undeclared foreign currency seized from an aide during an international business trip in 2018
- Key Event: Mr. Amit Bali, assistant of SEMPL (event coordinator), was found carrying undeclared currency amounting to approx. βΉ81 lakh
- DRI Allegation: The currency belonged to Mr. Munjal and was exported illegally in contravention of the Customs Act and FEMA
This Article has been written by Shri Ravi Shekhar Jha, Advocate Delhi High Court based on his interpretation of the law. He can be reached at his email id intelconsul@gmail.com or on his Mobile +91-9999005379.
Source: Delhi High Court
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