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2006 (5) TMI 511 - HC - FEMAExtract: .......es. There is therefore, no basis for exclusion of the nationalised banks under the impugned notifications. 15. It is besides the point that the petitioners are in a position to have recourse to Section 17 of the Act. 16. Accordingly the writ petition is allowed and the impugned notifications at Annexures "A" and "B" are quashed.
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