https://www.taxtmi.com/caselaws?id=439484 The court quashed the proceedings in Case No. C-2481/2002 against all accused persons, including the petitioner, under Sections 56 and 68 of the Foreign Exchange Regulation Act, 1973. The Enforcement Directorate dropped the show cause memorandum due to lack of evidence, leading to the complaint against the company being quashed. The court deemed the continuation of proceedings against the petitioner as an abuse of process of law, ultimately resulting in the quashing of all charges against the petitioner and other accused individuals. en-us Wed, 14 Jun 2023 00:00:00 +0530 Sat, 24 Jun 2023 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439484 The court quashed the proceedings in Case No. C-2481/2002 against all accused persons, including the petitioner, under Sections 56 and 68 of the Foreign Exchange Regulation Act, 1973. The Enforcement Directorate dropped the show cause memorandum due to lack of evidence, leading to the complaint against the company being quashed. The court deemed the continuation of proceedings against the petitioner as an abuse of process of law, ultimately resulting in the quashing of all charges against the petitioner and other accused individuals. Case-Laws FEMA Wed, 14 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439484