Delhi Court Maintains Lookout Circular Against ATS Infrastructure Promoter
A Delhi court has upheld the decision to retain a lookout circular (LOC) against ATS Infrastructure Limited’s promoter Geetamber Anand and his wife Poonam Anand. The LOC was issued in relation to multiple FIRs lodged against the real estate company for alleged fraud and money laundering. Judicial Magistrate Yashdeep Chahal made the ruling, stating that the LOC serves as a protective measure to ensure the judicial process is not obstructed.
Multiple Investigations Ongoing
The FIRs lodged against ATS Infrastructure Limited include one filed by the Economic Offence Wing (EOW) of Delhi Police and another by the Enforcement Directorate. The homebuyers accuse the company of defrauding them, while the money laundering case focuses on allegations of illicit financial activities.
Judicial Prudence in the Face of Personal Liberty
Magistrate Chahal mentioned that Geetamber Anand and his wife have consistently cooperated with the investigation, appearing whenever required. However, in his ruling, he highlighted the importance of the LOC in preventing the accused from bypassing the judicial proceedings. He remarked that allowing the accused to travel abroad without the court’s permission would create difficulties in ensuring compliance.
Furthermore, Magistrate Chahal acknowledged that individual liberties must be balanced with legal procedures and reasonable restrictions. He stated that the protesters failed to present sufficient grounds to repeal or cancel the LOC.
Transparency in Enforcement
While upholding the LOC, Magistrate Chahal also criticized the authorities for their lack of communication regarding the reasons for halting the accused persons’ travel plans. The judge emphasized the accused’s right to know the grounds for such restrictions and urged the concerned authorities to provide clarity in future cases.
Advocate Sanjay Abbot represented the homebuyer complainants throughout the court proceedings.
Conclusion
The decision to maintain the lookout circular against Geetamber Anand and his wife by the Delhi court showcases the cautious approach taken by the judiciary in matters concerning alleged fraud and financial irregularities. The ruling emphasizes the need to balance personal liberties with the necessity of ensuring judicial procedures are not undermined. Additionally, the court calls for improved transparency in communication with accused individuals regarding travel restrictions to prevent any undue hindrance. Future developments in the case will shed more light on the progress of the investigations and any subsequent legal actions.
