Delhi HC quashes issuance of LOC in absence of any reasons being furnished by Union Bank of India [Read Order]

LOC issued by Union Bank of India without specific reasons was quashed by Delhi HC
Delhi High Court - Union Bank of India - Look Out Circular - Union Bank of India LOC issue - LOC in banking - taxscan

The Delhi High Court quashed the issuance of Look Out Circular ( LOC ) in absence of any reasons being furnished by Union Bank of India. The Present appeal has been filed under Clause X of the Letters Patent of the then High Court of Judicature at Lahore, which stands extended to the High Court…

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