Look Out Circulars Locs
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Public Sector Banks Can't Issue Look Out Notices Against Defaulters: High Court
The Bombay High Court today ruled that public sector banks do not have the power in law to issue Look Out Circulars (LOCs) against default borrowers.
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Golden Tobacco Company Chairman Sanjay Dalmia Held in Cheating Case
A top executive of Mumbai-based Golden Tobacco Company (GTC), against whom a Look Out Circular (LOC) was issued in an alleged Rs 540 crore cheating case, has been arrested after being picked up from Kolkata airport while he was trying to flee the country, police said on Wednesday.
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Public Sector Banks Can't Issue Look Out Notices Against Defaulters: High Court
The Bombay High Court today ruled that public sector banks do not have the power in law to issue Look Out Circulars (LOCs) against default borrowers.
-
Golden Tobacco Company Chairman Sanjay Dalmia Held in Cheating Case
A top executive of Mumbai-based Golden Tobacco Company (GTC), against whom a Look Out Circular (LOC) was issued in an alleged Rs 540 crore cheating case, has been arrested after being picked up from Kolkata airport while he was trying to flee the country, police said on Wednesday.
