SC declines Lalit Modi’s plea asking BCCI to pay his ₹10.65 crore FEMA penalty
The Supreme Court has dismissed a plea by former IPL chief Lalit Modi seeking a direction to the BCCI to pay a ₹10.65 crore penalty imposed on him by the ED for FEMA violations. However, the court said Modi can pursue civil remedies as permitted by law. Lalit's plea argued that BCCI is obligated to indemnify him under its bylaws.