+
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)

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code