Today, On The Supreme Court dismissed Lalit Modi’s plea asking BCCI to pay his Rs 10.65 crore FEMA penalty imposed by the ED. However, the bench clarified that he can still seek civil remedies under the law.
On May 31, 2018, the Enforcement Directorate (ED) imposed significant penalties on several individuals and entities, including Rs 10.65 crore on Lalit Modi. The Bombay High Court later fined Modi Rs 1 lakh for filing a frivolous petition against the BCCI, ruling that no writ could compel the BCCI to pay his penalty.
