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1987 (1) TMI 396 - SUPREME COURTApplicability of section 12(2) of the Foreign Exchange Regulation Act of 1947 - Held that:- Allow this appeal and set aside the order of the High Court quashing the show-cause notices impugned in the writ petition by the original writ petitioner dismiss the writ petition instituted by the respondents, with liberty to the parties to raise all contentions on facts and law barring the contention that section 12(2) of the Act is not attracted.
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