banks do not have power to issue Look Out Circulars
Bombay High Court ruled that public sector banks do not have power to issue Look Out Circulars
The Bombay High Court on Tuesday held that public sector banks do not have the power to issue Look Out Circulars (LOC) against Indian citizens and foreigners under the Office Memorandum (OM) of the Central Government.
Viraj Shah vs Union of India & Ors