https://www.taxtmi.com/caselaws?id=423749 The Court dismissed the writ petition challenging the travel ban and Look Out Circular (LOC) against the petitioner, emphasizing his liability as a personal guarantor for a substantial loan amount. The decision upheld the legality of the travel ban and LOC issuance to prevent potential evasion of legal responsibilities and protect public funds. The judgment underscored the necessity of such measures in safeguarding economic security and public welfare, affirming the authorities' actions in recovering outstanding debts and ensuring accountability. en-us Mon, 06 Jun 2022 00:00:00 +0530 Tue, 14 Jun 2022 08:29:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423749 The Court dismissed the writ petition challenging the travel ban and Look Out Circular (LOC) against the petitioner, emphasizing his liability as a personal guarantor for a substantial loan amount. The decision upheld the legality of the travel ban and LOC issuance to prevent potential evasion of legal responsibilities and protect public funds. The judgment underscored the necessity of such measures in safeguarding economic security and public welfare, affirming the authorities' actions in recovering outstanding debts and ensuring accountability. Case-Laws Insolvency and Bankruptcy Mon, 06 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423749