1977 (2) TMI 135 - SCH - FEMA

Summary

The Supreme Court dismissed the special leave petition but expressed disapproval of the Department retaining documents beyond the one-year period specified in Section 41 of the Foreign Exchange Regulation Act, 1973. The Court emphasized that the Department must comply with the law and return the documents unless adjudication proceedings have commenced. Notice was issued to the Respondent to show cause why the writ petition should not be admitted.