Look Out Circular quashed as till date no cognizable case initiated: Calcutta HC

Advertisement Sunil Kumar Agarwal Vs Serious Fraud Investigation Office and Others (Calcutta High Court) Calcutta High Court held that Look Out Circular is quashed since the investigation is going on and no interim report is submitted. Thus, as on date there is no cognizable case initiated against petitioner under the Indian Penal Code. Facts- The petitioner was one of the managerial personnel of one Company engaged in the business of the construction in India including its specialization in the infrastructure construction segment which includes buildings and highways. The State Bank of In...