* IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Reserved: 04.11.2020 Date of Decision : 02.12.2020 + W.P.(C) 5382/2020 DEEPT SARUP AGGARWAL ..... Petitioner Through Mr.Kirti Uppal, Sr. Adv. with Mr.Sanyam Khetarpal and Mr.Nitesh Goyal, Advs.

versus UNION OF INDIA & ANR. ..... Respondents Through Mr.Anil Soni, CGSC with Mr.Devesh Dubey, Adv.

CORAM:

HON'BLE MR. JUSTICE NAVIN CHAWLA

1. This petition has been filed by the petitioner challenging the Lookout Circular (LOC) issued by the respondents against the petitioner.

2. It is the case of the petitioner that the petitioner is in the business of agro-product and had dealing with one Mr.Dalip Jindal who is also in said business based in Delhi. The petitioner claims to be Director in various companies which used to trade with the companies of the said Mr.Dalip Jindal. The petitioner further claims that in the year 2018, an FIR No.203/2018 was registered against the said Mr.Dalip Jindal and his family members on the complaint of the HDFC Bank alleging that Mr.Dalip Jindal had siphoned off funds of his companies and was deliberately not paying the loan taken from the banks. The petitioner was also named as having helped Mr.Dalip Jindal to s