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Issues: Whether the look-out circulars and the consequential endorsement preventing the appellant from leaving India were liable to be quashed on the grounds of violation of fundamental rights, breach of natural justice, and absence of prior notice.
Analysis: The restriction on travel was examined in the context of the governing official memoranda enabling issuance of look-out circulars where departure is considered detrimental to the economic interests of India or contrary to larger public interest. The appellant had not challenged the validity of those memoranda. The Court held that the right to travel abroad is not an absolute fundamental right under Article 19, and that reasonable restriction on travel may be imposed where the procedure satisfies Article 21 and natural justice. It further held that prior notice before issuance of a look-out circular was not essential in the circumstances, and that a post-decisional opportunity to approach the issuing authorities for revocation constituted an adequate safeguard. The Court also noted the substantial debt exposure, the appellant's role as guarantor, the alleged financial irregularities, and the risk to recovery and public funds, treating the matter as one involving economic interests and larger public interest.
Conclusion: The challenge to the look-out circulars and the consequential endorsement failed, and the restriction on the appellant's travel was upheld.