The Delhi High Court recently observed that a Look Out Circular (LOC) can’t be issued for every loan default. The High Court said that the issuance of a Look Out Circular (LOC) cannot be resorted to in each and every case of bank loan default. While observing that LOCs can't be issued for every loan default, the Delhi High Court stated that circumstances have to reveal a higher gravity and a larger impact of the loan default on the country for LOCs to be issued. The High Court bench of Justice Prathiba M Singh also said that citizens should not be harassed and deprived of their liberty to travel merely due to their participation in a business. Delhi High Court Says Can't Force Citizen to Choose Between Education and Reproductive Autonomy.

HC on Loan Default

(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)