* IN THE HIGH COURT OF DELHI AT NEW DELHI Reserved on: 11.03.2026 Pronounced on: 08.04.2026 + MISC. APPEAL (FEMA) 2/2025 + MISC. APPEAL (FEMA) 3/2025 + MISC. APPEAL (FEMA) 4/2025 SUNITA MEHTA .....Appellant SUBASH MEHTA .....Appellant SANJAY MEHTA .....Appellant Through: Mr.R.K. Handoo, Mr.Yoginder Handoo, Mr.Ashwin Kataria, Mr.Garvit Solanki, Mr.Gaurav Vishwakarma, Mr.Aditya Aggarwal, Advs.

versus SPECIAL DIRECTOR ENFORCEMENT DIRECTORATE .....Respondent Through: Mr.Arkaj Kumar, SC with Mr.Aakarsh Mishra, Ms.Vaishanavi Bhargava, Mr.Akshat Khanna and Mr.Karsh Sarosh Rebelo, Advs.

CORAM:

HON'BLE MR. JUSTICE NAVIN CHAWLA HON'BLE MR. JUSTICE RAVINDER DUDEJA

J U D G M E N T

NAVIN CHAWLA, J.

1. These appeals have been filed by the appellant(s) under Section 35 of the Foreign Exchange Management Act, 1999 (hereinafter referred to as „FEMA‟) challenging the final orders passed by the learned Appellate Tribunal for Foreign Exchange in the appeals, details of which are mentioned in the form of a chart hereinunder for easy reference:

2. As the three appeals arise from the common facts and raise common issues, they are being taken up together for disposal by way of this common judgment.

3. The follo