https://www.taxtmi.com/caselaws?id=309109 A Look Out Circular cannot be maintained merely on a bank's apprehension that a person may leave India, where no existing monetary award or order has been passed by a competent forum. The Court held that such a circular cannot be used to secure or enforce a prospective liability before adjudication, and matters like alleged wilful default must be raised before the forum deciding liability. In the absence of any subsisting monetary order, continuation of the circular would be an unwarranted restraint on personal liberty and unnecessary harassment. The Look Out Circular was therefore quashed. en-us Mon, 22 Aug 2022 00:00:00 +0530 Thu, 10 Aug 2023 21:25:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309109 A Look Out Circular cannot be maintained merely on a bank's apprehension that a person may leave India, where no existing monetary award or order has been passed by a competent forum. The Court held that such a circular cannot be used to secure or enforce a prospective liability before adjudication, and matters like alleged wilful default must be raised before the forum deciding liability. In the absence of any subsisting monetary order, continuation of the circular would be an unwarranted restraint on personal liberty and unnecessary harassment. The Look Out Circular was therefore quashed. Case-Laws Indian Laws Mon, 22 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309109