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Issues: Whether a writ petition seeking interest on the refunded amount arising out of confiscation under FERA was maintainable when filed after an unexplained delay of more than nine years, and whether discretionary relief under Article 226 should be granted despite laches.
Analysis: The amount representing the value of the foreign currency was refunded long after the confiscation dispute had attained finality, but the petitioner had not sought modification of the earlier order or challenged the absence of an interest direction at the relevant stage. The writ petition was instituted many years after receipt of the refund, with no satisfactory explanation for the delay and no contemporaneous reminders placed on record. In exercise of writ jurisdiction, delay and laches are material considerations, and a party who approaches the Court belatedly without adequate justification can be denied discretionary relief.
Conclusion: The writ petition was not maintainable in the facts of the case and was rejected on the ground of laches; relief was declined in favour of the respondents.
Ratio Decidendi: Unexplained and substantial delay in invoking Article 226 can by itself disentitle a petitioner to discretionary relief, even where a monetary claim is asserted.