https://www.taxtmi.com/article/detailed?id=11871 Look Out Circulars restrict movement and require a clear legal basis: they are proper only where a cognizable offence exists or exceptional national/public/economic interests are demonstrably at risk. Forensic audit reports, NCLT interim directions in insolvency or oppression proceedings, or mere continuation of an administrative SFIO investigation do not automatically amount to pending criminal proceedings or constitute sufficient grounds for issuing an LOC. Absent specific, substantiated allegations of a cognizable offence or exceptional circumstances, authorities lack lawful basis to curtail travel by issuing an LOC. en-us Wed, 20 Sep 2023 09:57:33 +0530 Wed, 20 Sep 2023 09:57:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11871 Look Out Circulars restrict movement and require a clear legal basis: they are proper only where a cognizable offence exists or exceptional national/public/economic interests are demonstrably at risk. Forensic audit reports, NCLT interim directions in insolvency or oppression proceedings, or mere continuation of an administrative SFIO investigation do not automatically amount to pending criminal proceedings or constitute sufficient grounds for issuing an LOC. Absent specific, substantiated allegations of a cognizable offence or exceptional circumstances, authorities lack lawful basis to curtail travel by issuing an LOC. Articles Other Topics Wed, 20 Sep 2023 09:57:33 +0530 https://www.taxtmi.com/article/detailed?id=11871