1992 (9) TMI 386

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....ppeal arises out of the adjudication order No. SDE(RS)/IV/17-19 of 1986 dated 30-4-1986, whereby a total penalty of Rs. 2,65,000 was imposed on Shri K.S.P. Vaiz for contravention of the provisions of sections 8(1), 8(2) and 9(1)(a) of the Foreign Exchange Regulation Act, 1973 ('the Act") in respect of the allegations contained in SCNs. I, II and III. 2. Under section 52(2) of the Act, no ap....

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....tition No. 1021 of 1990 in the Madras High Court challenging the Board's above order. The High Court dismissed the writ petition by its order dated 8-2-1990 with the following observations: "However, since the petitioner pleads that he is indigent and has suffered a setback in his business recently, it is for the Board to consider whether a hearing is necessary at Madras. Taking note ....