Higher authority declines to interfere with suspension of Look-Out Circular for foreign resident pending petition, subject to existing conditions The SC declined to interfere with the HC's order suspending the operation of the impugned Look-Out-Circular against the petitioner (a foreign resident) ...
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Higher authority declines to interfere with suspension of Look-Out Circular for foreign resident pending petition, subject to existing conditions
The SC declined to interfere with the HC's order suspending the operation of the impugned Look-Out-Circular against the petitioner (a foreign resident) during the pendency of the petition, subject to the conditions imposed by the HC in proceedings concerning alleged diversion/misuse of public funds involving a company. The SC disposed of the Special Leave Petition and any interlocutory applications, leaving the HC's conditional suspension of the LOC intact.
The Court declined to disturb the High Court's decision, noting it was "not inclined to interfere with the impugned judgment and order passed by the High Court in view of the clear and categorical condition(s) recorded by the High Court." The Court also recorded counsel's undertaking that the respondent "undertakes to return India as and when the petitioner or his agency require his presence." In view of these observations and the recorded undertaking, the Special Leave Petition and the accompanying "interlocutory application(s), if any, stands disposed of." The ruling rests on deference to the High Court's conditions and the enforceable assurance of the respondent's availability, forming the basis for refusal to grant further relief.
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