https://www.taxtmi.com/caselaws?id=78683 Where the statute prescribed no limitation for adjudication, the authority was still bound to act within a reasonable period. Adjudication over alleged foreign exchange contraventions was initiated more than 12 years after the events, with no satisfactory explanation for the delay and no fault attributable to the petitioner. The Court also noted loss of relevant records and resulting prejudice in defending the matter. The delayed proceedings were therefore held unsustainable and were quashed. en-us Thu, 28 Jan 2010 00:00:00 +0530 Sat, 15 Nov 2025 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78683 Where the statute prescribed no limitation for adjudication, the authority was still bound to act within a reasonable period. Adjudication over alleged foreign exchange contraventions was initiated more than 12 years after the events, with no satisfactory explanation for the delay and no fault attributable to the petitioner. The Court also noted loss of relevant records and resulting prejudice in defending the matter. The delayed proceedings were therefore held unsustainable and were quashed. Case-Laws FEMA Thu, 28 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78683