TMI Blog2020 (3) TMI 671X X X X Extracts X X X X X X X X Extracts X X X X ..... ondent till 31.05.2020, this Court is of the view that without expressing any view on the other conditions raised by both parties, this Writ Petition can be disposed of with conditions imposed. - W.P.No.3949 of 2020 And W.M.P.No.4688 of 2020 - - - Dated:- 10-3-2020 - Mr. Justice K. Ravichandrabaabu For the Petitioner : Mr.B.Kumar, Senior Counsel for Mr.B.Satish Sundar For the Respondents : Mr.A.Murugesan, Central Government Counsel for R1 N.Ramesh, Special Public Prosecutor for R2. ORDER The petitioner seeks for a Mandamus to forthwith lift the Lookout Circular in F.No.ECIR/CEZO/I/01/2018 and allow the petitioner herein to travel to Singapore, Korea, United Kingdom, Europe, Bangladesh, Malaysia, Indonesia, Japan and C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ject the declared values, redetermination of the same, confiscation and penalties. The said show cause notice is still pending adjudication. On the basis of the alleged information and also on the basis of the investigation undertaken by the DRI, the CBI, EOW, New Delhi, registered F.I.R. against the petitioner as the promoter of M/s. Coastal Energy Pvt. Ltd. and unknown officials of MMTC, NTPC and one M/s.Aravali Power Company Pvt. Ltd. and others in FIR.No.RC.221/ 2018/E-003 dated 22.01.2018 alleging offence under section 120B r/w Section 420 IPC and Section 13(2) r/w Section 3(1)(d) of the PC Act, 1988. Pursuant to the registration of the said FIR, the petitioner was summoned by the CBI and his statement was recorded. The CBI had opened ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... spondents narrating the various facts and circumstances which warranted proceedings initiated against the petitioner. The crux of the contention raised by the petitioner in the counter affidavit in respect of LOC was that if the petitioner is permitted to travel abroad, it would vitiate and hamper the investigation proceedings under Prevention of Money Laundering Act. 4. When the matter was earlier taken up for hearing on 04.03.2020, this Court, after hearing Mr.B.Kumar, the learned senior counsel for the petitioner and Mr.N.Ramesh, the learned counsel for the respondents, directed the learned counsel for the respondents to verify as to how much time is required for completing the investigation. Accordingly, the matter is listed today fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re, Korea, United Kingdom, Bangladesh and China from 10.02.2020 to 31.05.2020 only by suspending the LOC till 31.05.2020, subject to the following conditions. 1. that applicant shall furnish an FDR of ₹ 50 Lacs; 2. that applicant shall furnish his detailed itinerary to the CBI before his departure; 3. that applicant shall keep the mobile number mentioned by him in the application i.e. +65-98360303 in working condition throughout the period; 4. that applicant shall give details of his stay in countries other than Singapore to the CBI, as he has already mentioned address of Singapore; 5. that applicant will not try to contact any of the witnesses or tamper with evidence in any manner; 6. that applicant shall ..... X X X X Extracts X X X X X X X X Extracts X X X X
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