The Supreme Court of India has ruled that interference at the stage of a Show Cause Notice (SCN) is permissible in exceptional circumstances, particularly where the foundational requirement of a “reason to believe” is not satisfied. A Bench comprising Justice Vikram Nath and Justice Sandeep Mehta set aside a final adjudication order and a Madras
Show Cause Notice Can Be Quashed Where Foundational Facts Collapse; Supreme Court Sets Aside FEMA Proceedings
