https://www.taxtmi.com/caselaws?id=424761 The Court upheld the legality of travel restrictions and a Look-Out Circular (LOC) against a diamond importer/exporter, citing the ongoing investigation into financial fraud involving Gitanjali Gems Ltd. Despite the Petitioner's claims of cooperation, the Court found the restrictions justified to prevent evasion of justice and safeguard public interest and national economic security. The Court dismissed the Petition, emphasizing the need for comprehensive investigation and denying the request for a stay on the order to maintain the restrictions. en-us Tue, 05 Jul 2022 00:00:00 +0530 Fri, 08 Jul 2022 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424761 The Court upheld the legality of travel restrictions and a Look-Out Circular (LOC) against a diamond importer/exporter, citing the ongoing investigation into financial fraud involving Gitanjali Gems Ltd. Despite the Petitioner's claims of cooperation, the Court found the restrictions justified to prevent evasion of justice and safeguard public interest and national economic security. The Court dismissed the Petition, emphasizing the need for comprehensive investigation and denying the request for a stay on the order to maintain the restrictions. Case-Laws Companies Law Tue, 05 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424761