https://www.taxtmi.com/caselaws?id=433627 The court quashed the Look Out Circular (LOC) request by Bank of Baroda (BOB) against the petitioner, a former director of Visa Power Limited, citing insufficient evidence and failure to meet procedural requirements outlined in the guidelines. The court emphasized the importance of personal liberty and fundamental rights, ruling that BOB's request was arbitrary and unjustified. The decision highlighted the need for stringent adherence to LOC guidelines to prevent unwarranted restrictions on individuals' movements. en-us Mon, 30 Jan 2023 00:00:00 +0530 Sun, 05 Feb 2023 20:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433627 The court quashed the Look Out Circular (LOC) request by Bank of Baroda (BOB) against the petitioner, a former director of Visa Power Limited, citing insufficient evidence and failure to meet procedural requirements outlined in the guidelines. The court emphasized the importance of personal liberty and fundamental rights, ruling that BOB's request was arbitrary and unjustified. The decision highlighted the need for stringent adherence to LOC guidelines to prevent unwarranted restrictions on individuals' movements. Case-Laws Companies Law Mon, 30 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433627