Can a now resigned Independent Director be detained from leaving the country if a fraud case is initiated on his previous company?
Last updated: 05 May 2021
Court :
Delhi High Court
Brief :
The Petitioner in the present petition has challenged the Look Out Circular (hereinafter, ‘LOC’) issued against him by Respondent Nos 3 and 4 i.e., the Ministry of Corporate Affairs (hereinafter, ‘MCA’) and the Serious Fraud Investigation Office (hereinafter, ‘SFIO’) and prays for the same to be quashed.
Citation :
W.P.(C) 3374/2021
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Published in Corporate Law
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