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1995 (6) TMI 185 - AT - FEMAExtract: ....... towards insurance policies and chit fund. For all these reasons, we are of the considered opinion that the order of forfeiture, in this case, of the properties owned by the appellant, is not sustainable and is liable to be quashed. We, accordingly, allow the appeal and set aside the order passed under section 7(1) of the Act on September 15, 1994.
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