https://www.taxtmi.com/caselaws?id=48063 The court quashed the criminal complaint against the petitioner, who was implicated in alleged offences under FERA and FEMA. The exoneration of the petitioner in adjudication proceedings, where penalties were imposed on others, led the court to conclude that prosecuting the petitioner was unjust as no contravention of law was found. The court held that when adjudication and criminal proceedings are based on identical facts, exoneration in one should impact the other. Consequently, the court allowed the petitions, ordering the proceedings against the petitioner to be quashed without costs. en-us Wed, 18 Apr 2007 00:00:00 +0530 Mon, 02 Aug 2010 14:12:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48063 The court quashed the criminal complaint against the petitioner, who was implicated in alleged offences under FERA and FEMA. The exoneration of the petitioner in adjudication proceedings, where penalties were imposed on others, led the court to conclude that prosecuting the petitioner was unjust as no contravention of law was found. The court held that when adjudication and criminal proceedings are based on identical facts, exoneration in one should impact the other. Consequently, the court allowed the petitions, ordering the proceedings against the petitioner to be quashed without costs. Case-Laws Customs Wed, 18 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48063