Supreme Court · 2006 INSC 103 · Decided 24 February 2006
Standard Chartered Bank and ORS. v. Directorate of Enforcement and ORS.
- Court
- Supreme Court of India
- Citation
- 2006 INSC 103 · [2006] 2 S.C.R. 709
- Case number
- CIVIL APPEAL No. 1748/1999
- Decided
- 24 February 2006
- Bench
- Y.K. SABHARWAL, C.K. THAKKER, P.K. BALASUBRAMANYAN (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 14, 21
Headnote
Foreign Exchange Regulation Act, 1973: A B Sections 50, 51, 56 and 68-Constitutional validity of-FERA included C in the Ninth Schedule to the Constitution of India-Immunity from challenge enjoyed by the provisions of FERA-Show-cause notices issued to a Bank and its Officers-High Court rejected o/Ss. 50, 51, 56 and 68-But High Court clarified that S. 68(1) was confined to prosecution for penal offences only and not to an adjudication proceeding D under FERA-Correctness of-Held: As FERA is included in the Ninth schedule to the Constitution, no challenge based on violation of Arts. I 4
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