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2010 (8) TMI 720 - MADRAS HIGH COURTPre-deposit – undue hardship - non realization of export consideration - reasonable steps - contravention of the provisions of FEMA - Mere financial difficulties cannot be said to be “undue hardship”. when the Appellate Tribunal has judicially exercised its discretion, High Court/Appellate Court will not interfere with the exercise of discretion, which has been judicially exercised. The views expressed by us in this order shall not be construed as expression of opinion on the merits of the matter, Civil Miscellaneous Appeals are dismissed, there is no order as to costs, consequently, the connected miscellaneous petitions are closed
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