Radheshyam Kejriwal vs State Of West Bengal & Anr

The Supreme Court examined the enforcement actions taken under the Foreign Exchange Regulation Act, 1973, specifically Sections 8(2), 9(1)(f)(i), and 50, in the case of Radheshyam Kejriwal. The Court held that the Enforcement Directorate failed to establish that the appellant contravened the provisions of the Act, as the necessary proof regarding unauthorized exchange rates was not provided. Consequently, the Court upheld the adjudication officer's conclusion that the allegations against the appellant could not be sustained, leading to the dismissal of the appeal.