https://www.taxtmi.com/caselaws?id=314055 Delhi HC dismissed petition seeking quashing of Look Out Circular (LOC) and permission to travel abroad. Petitioner was under investigation by SFIO for allegedly siphoning Rs. 208 crores. Court noted economic offences require different approach due to deep-rooted conspiracies and threat to financial health. Given petitioner lacked roots in country, investigation at crucial stage, and flight risk concerns, HC upheld LOC dated 13.06.2022, finding SFIO's apprehension of non-return justified under MHA guidelines. en-us Wed, 16 Aug 2023 00:00:00 +0530 Tue, 14 May 2024 22:38:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314055 Delhi HC dismissed petition seeking quashing of Look Out Circular (LOC) and permission to travel abroad. Petitioner was under investigation by SFIO for allegedly siphoning Rs. 208 crores. Court noted economic offences require different approach due to deep-rooted conspiracies and threat to financial health. Given petitioner lacked roots in country, investigation at crucial stage, and flight risk concerns, HC upheld LOC dated 13.06.2022, finding SFIO's apprehension of non-return justified under MHA guidelines. Case-Laws Companies Law Wed, 16 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314055