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 Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?