SC: Appeal U/S 374 CrPC/415 BNSS is Not Maintainable Against Sessions Court's Reversal of Acquittal  ||  SC Asked the Centre to Promote Awareness About the Consequences of Driving With an Expired Licence  ||  SC Explains How a Deceased Christian Wife's Property Devolves under the Indian Succession Act  ||  Supreme Court: Reach Stacker isn't a Motor Vehicle; MACT Claim Not Maintainable  ||  Supreme Court: Lift Makers, Operators and Owners Share Responsibility for User Safety  ||  Patna HC: Pressure to Sign Divorce and Child Custody does not Amount to Cruelty  ||  Bombay HC: Externment under the Police Act Requires Satisfaction About a Gang's Activities  ||  Bombay HC: False Travel Distance Claim Alone Doesn't Constitute Misappropriation  ||  J&K&L High Court: Interest on Delayed Gratuity is Not a Mandatory Pre-Deposit For an Appeal  ||  Meghalaya HC: Meritorious Candidate Cannot Be Denied Admission For a Two-Minute Delay    

Kar. HC: Bank Can't Seek Issue of Look Out Circular Unless Economic Interest of Country Is Involved - (29 Jun 2022)

BANKING

Karnataka High Court has held that the request for issuance of a Look-out Circular or preventing defaulter of loan from travelling abroad cannot be a mode of recovery of dues by a bank, unless there is an element of fraud and economic interest of the country involved.

Tags : KARNATAKA HIGH COURT   LOOK OUT CIRCULAR   RECOVERY  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved