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<h1>Show Cause Notice Quashed, Petitioners May Seek Return of Rs. 60 Lakhs Collected During Investigation.</h1> The HC of Bombay quashed the impugned show cause notice dated 07 May 1997 following a petition for a Writ of Certiorari. Petitioners were granted liberty ... Challenge to SCN on the grounds of delayed adjudication - delay of almost 25 years from the date of issuance of SCN and a little more than 30 years from the date of import - HELD THAT:- Following the judgement in WELSPUN INDIA LIMITED (FORMERLY KNOWN AS WELSPUN POLYESTER (INDIA) LIMITED VERSUS UNION OF INDIA & ANR. [2023 (8) TMI 1166 - BOMBAY HIGH COURT], the High Court quashed and set aside the impugned show cause notice The High Court of Bombay quashed the impugned show cause notice dated 07 May 1997 in response to a petition seeking a Writ of Certiorari. The court granted the petitioners liberty to pursue appropriate proceedings for the return of Rs. 60 Lakhs collected during investigation. The court disposed of the rule without costs, keeping all contentions regarding the relief in prayer clause (b) open.
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