JUDGMENT :

Revati Mohite Dere, J.

1. Heard learned counsel for the parties.

2. Rule. Rule is made returnable forthwith, with the consent of the parties and is taken up for final disposal. Mr. Halwasia, waives notice on behalf of the respondent No.1. Learned A.P.P waives notice on behalf of the respondent No.3–State.

3. By this petition, the petitioner seeks quashing and setting aside of the Look Out Circular (‘LOC’), issued against him, at the behest of the respondent No.1-Serious Fraud Investigation Office (‘SFIO’).

4. Learned counsel for the petitioner states that the petitioner is not an accused in the case registered by the Economic Offences Wing (E.O.W), Mumbai and in the charge-sheet filed by the E.O.W, as against the petitioner’s father. He submits that though the Securities and Exchange Board of India (‘SEBI’) had filed prosecution complaints in 2019 in the matter of Pancard Clubs Limited, the petitioner has not been arraigned as an accused by the SEBI, in any of the said complaints. According to the learned counsel for the petitioner, the cases are against Pancard Clubs Limited and its Directors and that the petitioner at no point of time was either a shareholder or a director