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Delhi HC Quashes Look Out Circular Against Guarantor (Hulas Rahul Gupta Case)
Case Law Details
- Case Name
- Union Bank of India Vs Hulas Rahul Gupta (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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Union Bank of India Vs Hulas Rahul Gupta (Delhi High Court)
Delhi High Court Upholds Personal Liberty: Quashes LOC Against Guarantor Hulas Rahul Gupta
In a landmark judgment, the Delhi High Court has quashed the Look Out Circular (LOC) issued against Hulas Rahul Gupta, the guarantor in the case against Union Bank of India. This decision, stemming from Civil Appeal No. 7257 of 2011, marks a significant moment in the realm of personal liberties and banking laws.
Background of the Case
Hulas Rahul Gupta, formerly the Managing Director and founder of M/s Indosolar Ltd., along with his father, st...
