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Сентябрь
2023

Banks can't use LOC as measure to recover money: Delhi HC

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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.



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