https://www.taxtmi.com/caselaws?id=108412 The court dismissed the petitioner's application for discharge under section 245 Cr. P.C., emphasizing the independence of prosecution under section 56 of the Foreign Exchange Regulation Act, 1973, from adjudicatory proceedings under section 51. The court clarified that the pendency of adjudication proceedings does not bar criminal prosecution, highlighting that the two processes serve distinct purposes. The judgment underscored that the trial court correctly assessed the legal and factual aspects, ultimately denying the discharge application. en-us Thu, 13 Feb 2003 00:00:00 +0530 Sat, 31 Mar 2012 13:44:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108412 The court dismissed the petitioner's application for discharge under section 245 Cr. P.C., emphasizing the independence of prosecution under section 56 of the Foreign Exchange Regulation Act, 1973, from adjudicatory proceedings under section 51. The court clarified that the pendency of adjudication proceedings does not bar criminal prosecution, highlighting that the two processes serve distinct purposes. The judgment underscored that the trial court correctly assessed the legal and factual aspects, ultimately denying the discharge application. Case-Laws Companies Law Thu, 13 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108412