https://www.taxtmi.com/caselaws?id=428652 Territorial jurisdiction under Article 226 was upheld because part of the cause of action arose in Haryana through the petitioners' residence and mortgaged properties, so the technical objection failed. Look Out Circulars could not be sought by Indian bank entities for dues owed to UAE-incorporated sister concerns, because the governing office memoranda could not be extended beyond their legal limits, the foreign entities had separate legal personality, and no cognizable offence or exceptional economic interest of India was shown. Neither the National Central Bureau nor the Serious Fraud Investigation Office could justify issuance or extension of Look Out Circulars, as the underlying foreign liability had been decriminalized and the SFIO material did not bring the case within the LOC framework; the LOCs were quashed. en-us Wed, 28 Sep 2022 00:00:00 +0530 Fri, 07 Oct 2022 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428652 Territorial jurisdiction under Article 226 was upheld because part of the cause of action arose in Haryana through the petitioners' residence and mortgaged properties, so the technical objection failed. Look Out Circulars could not be sought by Indian bank entities for dues owed to UAE-incorporated sister concerns, because the governing office memoranda could not be extended beyond their legal limits, the foreign entities had separate legal personality, and no cognizable offence or exceptional economic interest of India was shown. Neither the National Central Bureau nor the Serious Fraud Investigation Office could justify issuance or extension of Look Out Circulars, as the underlying foreign liability had been decriminalized and the SFIO material did not bring the case within the LOC framework; the LOCs were quashed. Case-Laws Companies Law Wed, 28 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428652