Delhi HC halts proceedings against Hero Motocorp Chairman in foreign currency case ...Middle East

New Delhi: The Delhi High Court has temporarily stayed proceedings related to foreign currency charges against Hero Motocorp Chairman Pawan Kant Munjal by the Directorate of Revenue Intelligence (DRI). The court’s interim order highlighted Munjal’s exoneration by the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) on similar grounds, not disclosed during the trial court proceedings. DRI’s prosecution complaint last year accused Munjal and others of illicitly exporting prohibited items, including foreign currency. Munjal sought to quash the complaint, asserting that the trial court’s summoning order lacked reasons and overlooked his exoneration by the CESTAT in March 2022. Senior

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