HC suspended the operation of the impugned Look-Out Circular...

HC suspended the operation of the impugned Look-Out Circular against the anonymous petitioner (a U.S. national and Swiss resident) for the duration of the writ petition, subject to stringent conditional safeguards to protect the integrity of the ongoing investigation into alleged public fund diversion. The court emphasized that investigative processes shall continue unhindered while the petitioner's liberty and professional obligations are not to be indefinitely restrained absent determination of accused status. The respondents were directed to rely on less restrictive measures to secure attendance and cooperation; the petition was disposed of on the basis of the conditional suspension of the LOC.