* IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 17th AUGUST, 2023 IN THE MATTER OF:

+ W.P.(C) 9841/2022 & CM APPLs. 29064/2022, 30677/2023 NIPUN SINGHAL ..... Petitioner Through: Mr. Nipun Singhal, Mr. Nikhil Singhvi, Mr. Bilal Ikram and Ms.

Vidhi Jain, Advocates.

versus UNION OF INDIA & ORS ...... Respondents Through: Mr. Anurag Ahluwalia, CGSC for R-1/UoI.

Mr. Kush Sharma, Advocate for R-2/Bank of Baroda.

Mr. Nikhil Goel, SPP for CBI with Mr. Kartik Kaushal and Ms. Siddhi Gupta, Advocates for R-3/CBI.

Mr. Vipan Datta, Advocate for R-4.

CORAM:

HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD JUDGMENT (ORAL)

1. The instant writ petition under Article 226 of the Constitution of India has been filed by the Petitioner for quashing of the Look Out Circular (LOC) issued against the Petitioner at the instance of Respondent No.2/Bank of Baroda.

2. It is stated that the Petitioner was employed with a Company-Lloyd Electric and Engineering Limited from the year 2010 to 2017. It is stated that in the year 2013, the Petitioner was asked to become a part of the Board of the company as a Director. It is stated the being a Director, the Petitioner‟s responsibility was only to deal with the consumer dura