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    <description>Criminal prosecution under the foreign exchange law was treated as legally distinct from adjudication proceedings, so a show cause notice, pending adjudication, or even the adjudication outcome did not bar institution or continuation of the prosecution. The Court also held that the Special Judge had valid jurisdiction to take cognizance because the repeal and saving provisions, read with the governing notification, preserved and authorised that power. The challenge to cognizance on the ground of lack of jurisdiction and procedural irregularity was rejected, and the quashing application failed.</description>
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