LOCs Should Not Be Issued Indiscriminately Because Few Persons Defrauded Banks And Fled India: Calcutta High Court

Keywords – Defrauded, Fled, Bank, Uncivilized , Look Out Circulars, One Time Settlement ,Calcutta High Court. The Calcutta High Court has ruled [Manoj Kumar Jain v. Union of India] that banks cannot use the fact that a small number of people have cheated banks and departed India as a consistent Read more…