https://www.taxtmi.com/caselaws?id=400095 The High Court dismissed the Applicant's Interim Application seeking to stay the Look Out Circular (LOC) and permission to travel abroad due to serious financial irregularities, diversion of funds, and allegations of siphoning public funds. The Court highlighted the potential impact on India's economic interests and larger public interest, emphasizing the need for the Applicant's presence in ongoing investigations. The judgment underscored the importance of involving the Central Bureau of Investigation (CBI) and considering the broader implications before allowing the Applicant to leave the country. en-us Fri, 03 Jul 2020 00:00:00 +0530 Wed, 28 Oct 2020 09:25:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400095 The High Court dismissed the Applicant's Interim Application seeking to stay the Look Out Circular (LOC) and permission to travel abroad due to serious financial irregularities, diversion of funds, and allegations of siphoning public funds. The Court highlighted the potential impact on India's economic interests and larger public interest, emphasizing the need for the Applicant's presence in ongoing investigations. The judgment underscored the importance of involving the Central Bureau of Investigation (CBI) and considering the broader implications before allowing the Applicant to leave the country. Case-Laws Insolvency and Bankruptcy Fri, 03 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400095