UNION OF INDIA vs ABN AMRO BANK . — Crl.A. No. 975/2007

Summary: Union of India v. ABN AMRO Bank (Crl.A. 975/2007) Outcome: The Supreme Court allowed the Union of India's appeals and set aside the Appellate Tribunal and High Court orders, directing the Adjudicating Authority to proceed in accordance with law regarding FERA violations by Maple Leaf Trading International and respondents. Key Finding: The Court found that Maple Leaf Trading International violated FERA Sections 19(1)(a)&(d) and 29(1)(b) by conducting unauthorized gold coin trading after falsely declaring consultancy activities in its RBI application. The company failed to obtain required permission for trading activities and misrepresented its business purpose. Next Steps: The Adjudicating Authority was freed to proceed with enforcement action including confiscation of assets and penalties against violating parties, with ABN AMRO Bank's appeal dismissed regarding alleged Section 6(5) violations. This case analysis is maintained by casestatus.in based on publicly available court records.