9911796707
TMI Blog2010 (1) TMI 1313X X X X Extracts X X X X X X X X Extracts X X X X ..... Poorva Nanawati, Advocates for the respondents. ORDER The writ petition under Article 226 of the Constitution of India is directed against the show-cause notice dated 21.01.1994 calling upon the petitioners to show-cause in writing within 30 days of the receipt of the Memorandum as to why adjudicatory proceedings as contemplated under Section 51 of the Foreign Exchange Regulatory Act, 1973 should ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on but final order of adjudication would not be given effect to without leave of the court. The interim order, thus, envisaged the proceedings to be completed resulting in an adjudicatory order - favourable or unfavourable but not to be given effect to. Unfortunately, the respondents have taken no steps and have stayed their hands with the result that when this writ petition has now come up for he ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the learned senior counsel for the petitioners that much water has flown since the issuance of the show-cause notice and there has been a long passage of time during which the respondents did nothing. The purport of the interim order by this court was quite clear that it wanted the proceedings to be completed pursuance to the show-cause notice but the neglect of the respondents to do so has result ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ether to proceed with the show- cause notice or not within a maximum period of two months from today. In case, the show-cause notice is acted upon in respect of ?neglect? then the proceedings must be concluded within a period of 3 months thereafter. Needless to say that the petitioners will give all necessary information and co-operate for bringing this chapter to an end. The petition is according ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
