JUDGMENT

Jasmeet Singh, J. (Oral)

1. This is a petition seeking quashing and setting aside of the impugned condition in the order dated 12.08.2021 passed by learned ACMM-2 cum ACJ in CC No. CBI - 13/20 wherein the learned ACMM-2 cum ACJ while allowing the application moved by the petitioner for cancellation/rescinding the LOC issued by the respondent, has directed the petitioner to seek permission of the Court before undertaking foreign travel.

2. In the present case, the brief facts are that the CBI has registered a case on 29.05.2017 for offences under Sections 420, 467, 468 and 471 read with Sections 120-B IPC and Sections 13(2) and13(1)(d) of the Prevention of Corruption Act, 1988. The allegations are that the petitioner was the M.D. of a company namely IC Textiles Ltd. and had borrowed loan from the complainant Bank. It is alleged that the accused committed criminal breach of trust by selling away the stocks/inventory/machinery which were hypothecated to the Bank without their knowledge. It is alleged that the accused persons had siphoned of 28.73 crores of public money and caused wrongful loss to the bank and correspondingly wrongful gain to themselves. Subsequently, based o