M/S. SEWA MEDICALS LTD. vs UNION OF INDIA . — SLP(C) No. 12635/2005

Summary: Sewa Medicals Ltd. challenged a Foreign Exchange Regulation Act (FERA) penalty of Rs. 1,69,34,684 imposed by the Appellate Tribunal for Foreign Exchange for violations dating back to 1996. The Supreme Court rejected the petition, finding that the petitioner failed to demonstrate a prima facie good case, balance of convenience, or irreparable loss—all cumulative requirements for interim relief. The Court declined to interfere with the High Court's decision upholding the penalty as reasonable. However, the deposit deadline was extended by two months, and the petition was disposed of accordingly. This case analysis is maintained by casestatus.in based on publicly available court records.