Matter remanded to AA for afresh adjudication as there was delay of 2 yrs in verdict for FERA violations

FEMA, BANKING amp; INSURANCE : Where appellant banking company was guilty of violating provisions of FERA and adjudicating authority imposed penalty upon appellant for such violations, however, there was delay of more than two years in pronouncement of judgment by Adjudicating Authority without any explanation for undue delay in delivering order, matter was to be remanded to Adjudicating Authority for deciding it afresh in accordance with law

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