Bombay High Court rules public sector banks do not have power to issue Look Out Circulars

The Court quashed all LOCs issued at the request of public sector banks, but upheld the validity of office memoranda issued by the Ministry of Home Affairs.
Bombay High Court, Lookout circulars
Bombay High Court, Lookout circulars

The Bombay High Court on Tuesday held that public sector banks do not have power to issue Look Out Circulars (LOCs) against Indian citizens and foreigners under the office memoranda (OM) of the Central government. [Viraj Shah v. Union of India & Ors]

Loading content, please wait...

Related Stories

No stories found.
Bar and Bench - Indian Legal news
www.barandbench.com