Nonetheless, Hossain contended that it could result in a multiplicity of proceedings earlier than completely different boards.
“Parallelly, in a number of courts. Please see Article 139A(2). That was exactly the item for which that provision was engrafted. It is a central statute, the Black Cash Act. The longer it stays below keep, it defeats the item of bringing again black cash stashed overseas. That was why it was enacted,” the senior counsel mentioned.
CJI Kant mentioned that the opposite facet could demand that the Delhi Excessive Court docket issues could also be transferred to Bombay.
In response, Hossain mentioned:
“There are 15 to twenty issues pending earlier than the Delhi Excessive Court docket. Pleadings have concluded, written submissions have been filed and the issues are ripe for remaining listening to. Whereas in Bombay, rule has been issued and the matter has gone into chilly storage.”
Hossain then requested that the matter be adjourned in order that the Solicitor Basic Tushar Mehta may argue the case.
“Could I make one request? The matter could also be saved again. I’m solely helping. I’m led by the Solicitor Basic. There are huge income implications. What is going on is that a large batch is created in every Excessive Court docket. When these batches are created, proceedings regarding overseas black cash get caught. Completely different Excessive Courts are seized of the identical concern,” he mentioned.
