Parties Seeking Stay on LOC Required to Apply to Court in Good Time: Bombay HC Imposes Costs of Rs 50,000 on Late Filing [Read Order]

Parties Seeking Stay on LOC - LOC Required to Apply to Court - Bombay High Court Imposes Costs of Rs 50,000 on Late Filing - Bombay High Court - Late Filing - taxscan

A Division Bench of the Bombay High Court imposed costs of Rs 50,000 on the late filing of y Look Out Circular (LOC) and commented that Parties seeking a stay on LOC were required to apply to Court in good time. A LOC has been issued against the Petitioner, Sanjay Dangi and he was made…

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