https://www.taxtmi.com/caselaws?id=764374 Delhi HC suspended a Look Out Circular (LOC) restricting petitioner's foreign travel. Court held that while LOC serves as preventive measure for investigations, it must balance with Article 21 constitutional rights. Despite ongoing SFIO investigation and bank fraud allegations, no definitive findings or formal complaints existed. Changed circumstances from earlier petition, including assessment orders and NCLT discharge from personal guarantees, supported suspension. Court found no credible evidence of petitioner's intent to abscond or tamper with investigation, making indefinite travel restriction disproportionate. Conditional travel permission granted subject to applicable conditions. en-us Tue, 07 Jan 2025 00:00:00 +0530 Thu, 09 Jan 2025 07:46:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764374 Delhi HC suspended a Look Out Circular (LOC) restricting petitioner's foreign travel. Court held that while LOC serves as preventive measure for investigations, it must balance with Article 21 constitutional rights. Despite ongoing SFIO investigation and bank fraud allegations, no definitive findings or formal complaints existed. Changed circumstances from earlier petition, including assessment orders and NCLT discharge from personal guarantees, supported suspension. Court found no credible evidence of petitioner's intent to abscond or tamper with investigation, making indefinite travel restriction disproportionate. Conditional travel permission granted subject to applicable conditions. Case-Laws Companies Law Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764374