https://www.taxtmi.com/caselaws?id=303221 A Look-Out Circular may be issued, even without an alleged breach of Indian penal law, where credible circumstances suggest that departure from India could jeopardise economic interests or bilateral relations. The article notes that the banking relationship through a Singapore branch remained connected to the Indian parent bank, and that declared bankruptcy, winding up of the company, and risk of repayment evasion provided sufficient apprehension for restraint on travel. It also records rejection of the Article 21 challenge, with the right to travel yielding to public interest in the circumstances. The challenge to the circular was therefore unsuccessful. en-us Tue, 23 Feb 2021 00:00:00 +0530 Fri, 08 Jul 2022 19:22:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303221 A Look-Out Circular may be issued, even without an alleged breach of Indian penal law, where credible circumstances suggest that departure from India could jeopardise economic interests or bilateral relations. The article notes that the banking relationship through a Singapore branch remained connected to the Indian parent bank, and that declared bankruptcy, winding up of the company, and risk of repayment evasion provided sufficient apprehension for restraint on travel. It also records rejection of the Article 21 challenge, with the right to travel yielding to public interest in the circumstances. The challenge to the circular was therefore unsuccessful. Case-Laws Indian Laws Tue, 23 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303221