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Issues: Whether an appeal filed after the repeal of FERA, against an adjudication order passed under section 51 of FERA in proceedings initiated earlier, lay to the Special Director (Appeals) under section 17 of FEMA or to the Appellate Tribunal under section 19 of FEMA.
Analysis: The repeal and saving provisions of FEMA, particularly section 49(5)(b), were read as continuing the appellate scheme for matters arising under the repealed FERA and transferring pending appeals from the erstwhile Appellate Board to the Appellate Tribunal. The statutory scheme showed that appeals against orders under section 51 of FERA, whether filed before or after 01.06.2000, were intended to be heard by the same appellate forum. The Special Director (Appeals) was held to be a different and subordinate forum meant for appeals against orders of adjudicating authorities under FEMA, and not for appeals from FERA adjudication orders. A contrary view would create an anomalous position where similarly situated appellants would have different appellate routes and further appeal rights.
Conclusion: The appeal lay only to the Appellate Tribunal under section 19 of FEMA, not to the Special Director (Appeals); the High Court's view was reversed.