https://www.taxtmi.com/caselaws?id=793993 Look Out Circulars were described as an exceptional restraint on the right to travel under Article 21 and not a routine debt-recovery or supervisory tool. They were said to require lawful authority, independent application of mind, specific material showing evasion or a cognizable offence, and periodic review; routine loan default, guarantor status, former directorship, or ordinary revenue concerns were stated to be insufficient. The LOC power of public sector banks was treated as unavailable, and the economic-interest ground was construed narrowly to grave systemic impact. Where chargesheets or complaints were already pending before a competent court, the proper course was to seek modification or cancellation before the appropriate forum, rather than writ relief. en-us Fri, 17 Apr 2026 00:00:00 +0530 Sat, 27 Jun 2026 08:33:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793993 Look Out Circulars were described as an exceptional restraint on the right to travel under Article 21 and not a routine debt-recovery or supervisory tool. They were said to require lawful authority, independent application of mind, specific material showing evasion or a cognizable offence, and periodic review; routine loan default, guarantor status, former directorship, or ordinary revenue concerns were stated to be insufficient. The LOC power of public sector banks was treated as unavailable, and the economic-interest ground was construed narrowly to grave systemic impact. Where chargesheets or complaints were already pending before a competent court, the proper course was to seek modification or cancellation before the appropriate forum, rather than writ relief. Case-Laws Companies Law Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793993