https://www.taxtmi.com/caselaws?id=754852 Delhi HC dismissed petition seeking suspension of Look Out Circular and permission to travel abroad for graduation ceremony. Court found petitioner under SFIO investigation for fraud, misappropriation, and fund siphoning through multiple companies under Companies Act, 2013. Petitioner's affidavit claiming no Indian assets was deemed incomplete and lacking credibility. Court determined petitioner has substantial foreign assets and posed flight risk, likely to not return for investigation if permitted travel. Special Judge's order refusing travel permission was upheld as legally sound. en-us Wed, 26 Jun 2024 00:00:00 +0530 Tue, 02 Jul 2024 07:50:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754852 Delhi HC dismissed petition seeking suspension of Look Out Circular and permission to travel abroad for graduation ceremony. Court found petitioner under SFIO investigation for fraud, misappropriation, and fund siphoning through multiple companies under Companies Act, 2013. Petitioner's affidavit claiming no Indian assets was deemed incomplete and lacking credibility. Court determined petitioner has substantial foreign assets and posed flight risk, likely to not return for investigation if permitted travel. Special Judge's order refusing travel permission was upheld as legally sound. Case-Laws Companies Law Wed, 26 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754852