https://www.taxtmi.com/caselaws?id=758311 Delhi HC quashed a Look-Out-Circular (LOC) issued against a petitioner in a money laundering case involving violations of bilateral agreements with DTCP Haryana. The court held that LOC can only be issued when accused deliberately evades arrest or fails to appear despite non-bailable warrants, with likelihood of fleeing the country. Since petitioner cooperated with ED investigations, appeared 14 times before the agency, and was granted anticipatory bail by SC with directions against coercive action, none of the grounds for continuing LOC existed. Petition allowed. en-us Fri, 06 Sep 2024 00:00:00 +0530 Wed, 11 Sep 2024 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758311 Delhi HC quashed a Look-Out-Circular (LOC) issued against a petitioner in a money laundering case involving violations of bilateral agreements with DTCP Haryana. The court held that LOC can only be issued when accused deliberately evades arrest or fails to appear despite non-bailable warrants, with likelihood of fleeing the country. Since petitioner cooperated with ED investigations, appeared 14 times before the agency, and was granted anticipatory bail by SC with directions against coercive action, none of the grounds for continuing LOC existed. Petition allowed. Case-Laws Money Laundering Fri, 06 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758311