HC upholds remand on 17-year delay in FERA show cause notice, mandates quick adjudication under FEMA rules

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....The HC upheld the Appellate Tribunal's remand order concerning a 17-year delay in adjudication of a show cause notice issued under FERA, 1973. The Appellant is permitted to challenge the delayed adjudication and the jurisdiction of the adjudicating authority under the remand. The adjudicating authority must consider all submissions, including whether it lacks jurisdiction due to the transition from FERA to FEMA. If jurisdiction is found lacking, the show cause notice dated 29 November 1983 will be discharged. The HC directed the adjudicating authority to conclude the remand proceedings expeditiously, mandating disposal within four months from receipt of the authenticated order copy, thereby preventing undue prolongation of the matter.....