Law

FEMA penalty: SC rejects Lalit Modi's plea demanding BCCI indemnify him

IANS | June 30, 2025 2:47 PM

New Delhi, June 30 (IANS) The Supreme Court on Monday refused to entertain a plea fled by former IPL head Lalit Modi seeking a direction to the BCCI (Board of Control for Cricket in India) to pay a penalty of Rs 10.65 crore imposed on him for alleged violation of the Foreign Exchange Management Act (FEMA).