Delhi Court denies cancellation of LOC of ATS Infrastructure promoter
ECONOMY & POLICY

Delhi Court denies cancellation of LOC of ATS Infrastructure promoter

A Delhi court has declined to cancel the lookout circular (LOC) issued against ATS Infrastructure Limited’s promoter, Geetamber Anand, and his wife, Poonam Anand. The LOC is tied to multiple FIRs, including those filed by the Economic Offences Wing (EOW) of Delhi Police for allegedly defrauding homebuyers, and a money laundering case initiated by the Enforcement Directorate.

Judicial Magistrate Yashdeep Chahal, in an order dated September 13, acknowledged that the accused had cooperated with the investigation but emphasized that the LOC serves as a precautionary measure to ensure the judicial process is not undermined.

The judge noted that requiring court permission for overseas travel would not guarantee compliance, as the accused could travel without such authorisation, leaving the court without any practical means to enforce the restriction.

"While personal liberty is important, reasonable restrictions can be imposed on the right to life and liberty under due legal procedures," the judge stated, concluding that there was insufficient reason to revoke the LOC.

However, the judge stressed that authorities must inform individuals of the reasons for preventing their travel. "It is the fundamental right of the accused to be aware of why their travel is being restricted," he remarked.

Advocate Sanjay Abbot represented the homebuyers who lodged complaints against ATS Infrastructure. (ET)

A Delhi court has declined to cancel the lookout circular (LOC) issued against ATS Infrastructure Limited’s promoter, Geetamber Anand, and his wife, Poonam Anand. The LOC is tied to multiple FIRs, including those filed by the Economic Offences Wing (EOW) of Delhi Police for allegedly defrauding homebuyers, and a money laundering case initiated by the Enforcement Directorate. Judicial Magistrate Yashdeep Chahal, in an order dated September 13, acknowledged that the accused had cooperated with the investigation but emphasized that the LOC serves as a precautionary measure to ensure the judicial process is not undermined. The judge noted that requiring court permission for overseas travel would not guarantee compliance, as the accused could travel without such authorisation, leaving the court without any practical means to enforce the restriction. While personal liberty is important, reasonable restrictions can be imposed on the right to life and liberty under due legal procedures, the judge stated, concluding that there was insufficient reason to revoke the LOC. However, the judge stressed that authorities must inform individuals of the reasons for preventing their travel. It is the fundamental right of the accused to be aware of why their travel is being restricted, he remarked. Advocate Sanjay Abbot represented the homebuyers who lodged complaints against ATS Infrastructure. (ET)

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000