RADHESHYAM KEJRIWAL vs STATE OF WEST BENGAL

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. The Court held that the appellant, Radheshyam Kejriwal, did not contravene the provisions of the Act as alleged, and thus the adjudication proceedings initiated against him were unsustainable. The judgment emphasized the necessity of proving the essential ingredients for sustaining a conviction under the cited sections, leading to the dismissal of the appeal.