https://www.taxtmi.com/caselaws?id=112821 Criminal complaints under the Foreign Exchange Regulation Act were quashed because the prosecution had remained pending for about 22 years without framing of charge, involving only a small amount of foreign exchange and no meaningful progress. The HC noted that the Act itself linked punishment to the value involved, showing that the gravity of the offence depended on the amount in question. It held that the unexplained delay, advanced age of the petitioners, and the resulting denial of the constitutional right to a speedy trial under Articles 14 and 21 made continuation of the proceedings unjustified, and all consequential proceedings were set aside. en-us Fri, 13 Mar 2009 00:00:00 +0530 Fri, 14 Nov 2014 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112821 Criminal complaints under the Foreign Exchange Regulation Act were quashed because the prosecution had remained pending for about 22 years without framing of charge, involving only a small amount of foreign exchange and no meaningful progress. The HC noted that the Act itself linked punishment to the value involved, showing that the gravity of the offence depended on the amount in question. It held that the unexplained delay, advanced age of the petitioners, and the resulting denial of the constitutional right to a speedy trial under Articles 14 and 21 made continuation of the proceedings unjustified, and all consequential proceedings were set aside. Case-Laws Companies Law Fri, 13 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112821