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Reputation: 642,681  •  Sep 9, 2023 1:26 AM
Banks can't use LOC as measure to recover money: Delhi HC
Banks can't use LOC as measure to recover money: Delhi HC
The Delhi High Court has ruled that banks cannot issue Look Out Circulars (LOCs) as a means to recover money. The court stated that LOCs cannot be opened based on the mere possibility of a person being accused in a criminal case, as this infringes on the individual's right to travel abroad, which is a fundamental right.
The Economic Times

https://economictimes.indiatimes.com/industry/banking/fin...
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