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1989 (5) TMI 323 - HC - FEMAExtract: .......on No. 4 based on Section 31 of the Foreign Exchange Regulation Act. The said provisions do not bar grant of relief of specific performance to the plaintiff and the question of permission of the Reserve Bank of India will arise if at all, at the stage of execution of the sale deed. Consequently, issue No. 5A is also answered against the defendants.
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