TMI Blog2020 (2) TMI 519X X X X Extracts X X X X X X X X Extracts X X X X ..... g with investigating agency and has been evasive during interrogation. Keeping in mind the fact that petitioner was the main person controlling/ directing affairs of the group within and outside India and there is large scale tax evasion and investigation is still in progress and there is a strong apprehension that petitioner may not return and, thus, will not be available for investigation, he cannot be granted permission to travel abroad at this stage. The application of the petitioner for seeking permission to travel abroad is, therefore, dismissed and stands disposed of accordingly. - CRL. M.A.36254/2019 in W.P. (CRL) No. 1766/2019 - - - Dated:- 28-1-2020 - HON'BLE MR. JUSTICE BRIJESH SETHI Petitioner: Mr. Prashant Mehta, M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t of Financial Services following which most of the banks of consortium of lenders have stopped debit operations in the accounts of these companies bringing the operations with the suppliers and customers to a standstill. Most of these customers and suppliers are located overseas and they have started levying heavy penalties for non fulfilment of the commitments made to them in the course of normal business. It is submitted that presently these overseas customers owe Worlds Window Impex India Pvt. Ltd. and Magnifico Minerals Pvt. Ltd. ₹ 10,54,44,53,526/- and ₹ 1,70,46,97,000/- respectively. The said parties are insisting the petitioner to visit their office and settle all pending issues for release of the said payment. Due to is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... terfering or objecting to travel of the petitioner outside India till the pendency of the petition. 4. On the other hand, Ld. Counsel for the UOI, respondent no.1 has opposed the petition and submitted that based upon credible evidence of large-scale tax evasion and other various serious irregularities by various persons and entities of Words Window Group (the Group ), search and seizure under Section 132 and surveys under Section 133A of the Income-tax Act, 1961 (the CRL. M.A.36254/2019 in W.P. (CRL) No. 1766/2019 Page 5 of 8 Act ) were conducted on 25.06.2018 at various premises of main entities/persons of the group. Such premises included residential premises occupied by Shri Piyoosh Kumar Goyal, who has been a promoter of the grou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that if LoC is withdrawn pending investigation, Shri Piyoosh Kumar Goyal may flee from the country making it extremely difficult to secure his presence in the process of investigation and other proceedings under the Act. It is, therefore, prayed that petitioner may not be given permission to travel abroad. 8. A report in sealed cover was also submitted to the Court by the Ld. Senior Counsel for UOI. He submitted that even he does not know the contents of the same as it contains certain details of investigation carried out by the respondents and in case these facts are revealed, it will hamper the investigation and petitioner will be able to erase and conceal the material evidence. He will come to know about the investigation/ interrogat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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