https://www.taxtmi.com/caselaws?id=461230 A look-out circular issued during a Prevention of Money Laundering Act investigation may be maintained for investigative necessity, but it cannot operate as an indefinite restraint on movement. The Court recognised the need for the petitioner to cooperate in completing interrogation and disclosure of relevant access credentials and transaction details, yet balanced that need against the hardship caused by prolonged travel restriction. It directed the Enforcement Directorate to complete the remaining inquiry within a fixed time and then consider the petitioner's representation for withdrawal of the look-out circular in accordance with law, leaving the issue of continuance to be reviewed after the time-bound investigative steps. en-us Thu, 16 Mar 2023 00:00:00 +0530 Sat, 22 Mar 2025 21:39:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461230 A look-out circular issued during a Prevention of Money Laundering Act investigation may be maintained for investigative necessity, but it cannot operate as an indefinite restraint on movement. The Court recognised the need for the petitioner to cooperate in completing interrogation and disclosure of relevant access credentials and transaction details, yet balanced that need against the hardship caused by prolonged travel restriction. It directed the Enforcement Directorate to complete the remaining inquiry within a fixed time and then consider the petitioner's representation for withdrawal of the look-out circular in accordance with law, leaving the issue of continuance to be reviewed after the time-bound investigative steps. Case-Laws Money Laundering Thu, 16 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461230