Supreme Court Issues Directions to Speed Up MACT Claims Amid Six-Year Average Pendency  ||  Supreme Court: Sex Selection Practices Continues Due to Preference For Male Children  ||  Supreme Court: Injury From a Fallen Tree is Not a Motor Accident for MACT Claims  ||  Madras HC: Recent Tamil Nadu Elections Reflect Voting Beyond Caste and Community Considerations  ||  Supreme Court: Children Should Not Undergo Psychological Tests in Custody Cases Unless Necessary  ||  Jharkhand HC: Lokayukta Cannot Delegate Core Adjudicatory Powers Even in Case Against Brother  ||  Ker HC: Complainant Can Invoke Presumptions After Proving Transaction, Cheque Execution Convincingly  ||  Supreme Court Cancels SARFAESI Auction Sale After 16 Years Due to a 5-Day Payment Delay  ||  Jhar HC Orders 2-Month Probe Deadline, DGP Monitoring to Overhaul Sexual Violence Response in State  ||  Delhi HC: Social Media Cannot Undermine Judiciary; Intermediaries Must Act Without Court Orders    

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