(a) the number of cases pending with Foreign Exchange
(b) Regulation applied Board, till date;
(c) the names of companies/industries against whom
cases are pending alongwith the details of cases; and
(d) the steps taken by the Government to expedite
the pending cases?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (BALASAHEB VIKHE PATIL)
(a): Under the Foreign Exchange Management Act,
1999, all appeals pending before Foreign Exchange
Regulation Appellate Board as on 1-6-2000 stood
transferred to the Appellate Tribunal for foreign
Exchange, constituted under the said Act. 5401
cases that were pending with the Foreign Exchange
Regulation Appellate Board as on 31-5-2000 have
been transferred to the Appellate Tribunal for
Foreign Exchange. The Appellate Tribunal for
Foreign Exchange has received 272 appeals so far.
(b): The following revision petitions filed suo
moto or otherwise under section 52(4) of the
Foreign Exchange Regulation Act, 1973 are pending
against companies/industries:
1. 341/91 against Shri Vinod Mehta, M/s Mehta International, Mumbai.
2 344/91 against M/s Dhawan Enterprises (P) Ltd., New Delhi.
3. 595/2000 against Shri S. Khanna, Manager, M/s Abirami Textiles, Chennai.
(c): The cases are decided by the Court through a judicial process.