https://www.taxtmi.com/caselaws?id=777294 Look Out Circulars may support pending investigations into cognizable economic offences under the Companies Act, 2013. The SFIO may issue a Look Out Circular during an authorised investigation into suspected company fraud where the governing guidelines permit it, serious economic offences and public interest are involved, and the persons concerned are needed for effective investigation. A bank need not first classify a borrower account as fraud under RBI directions before lodging a criminal complaint or seeking a Look Out Circular. Civil consequences of fraud classification are distinct from criminal action, and awaiting classification may undermine efforts to prevent departure during investigation. en-us Thu, 21 Aug 2025 00:00:00 +0530 Thu, 28 Aug 2025 08:32:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777294 Look Out Circulars may support pending investigations into cognizable economic offences under the Companies Act, 2013. The SFIO may issue a Look Out Circular during an authorised investigation into suspected company fraud where the governing guidelines permit it, serious economic offences and public interest are involved, and the persons concerned are needed for effective investigation. A bank need not first classify a borrower account as fraud under RBI directions before lodging a criminal complaint or seeking a Look Out Circular. Civil consequences of fraud classification are distinct from criminal action, and awaiting classification may undermine efforts to prevent departure during investigation. Case-Laws Companies Law Thu, 21 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777294