https://www.taxtmi.com/caselaws?id=298501 The review petition was dismissed, upholding the original order. The court clarified that the amendment to the office memorandum did not warrant a review as it did not alter the essential requirement of a cognizable offense for Look Out Circular (LOC) issuance. It was determined that the writ petitioner's default on a loan did not sufficiently impact the economic interests of India to justify an LOC. The court emphasized that LOCs should be reserved for cases severely affecting the economy or security, cautioning against misuse for commercial defaults. Contempt proceedings against immigration authorities were dropped due to communication gaps, with a directive to improve compliance in the future. en-us Thu, 06 Feb 2020 00:00:00 +0530 Sun, 07 Nov 2021 11:04:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298501 The review petition was dismissed, upholding the original order. The court clarified that the amendment to the office memorandum did not warrant a review as it did not alter the essential requirement of a cognizable offense for Look Out Circular (LOC) issuance. It was determined that the writ petitioner's default on a loan did not sufficiently impact the economic interests of India to justify an LOC. The court emphasized that LOCs should be reserved for cases severely affecting the economy or security, cautioning against misuse for commercial defaults. Contempt proceedings against immigration authorities were dropped due to communication gaps, with a directive to improve compliance in the future. Case-Laws Indian Laws Thu, 06 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298501