ATUL PUNJ vs UNION OF INDIA & ORS.

* IN THE HIGH COURT OF DELHI AT NEW DELHI Reserved on: 25th November, 2024 Pronounced on: 07th January, 2025 W.P.(C) 9372/2024 & CM APPL. 38510-38511/2024, CM APPL. 44083/2024 ATUL PUNJ .....Petitioner Through: Mr. Dayan Krishnan, Senior Advocate with Mr. Himanshu Gupta and Mr. Shreedhar Kale, Advocates. versus UNION OF INDIA & ORS. .....Respondents Through: Mr. Anurag Ojha, SSC with Ms. Hemlata Rawat, Mr. Dipak Raj and Mr. Subham Kr., Advocates for R-1. Mr. Anurag Ahluwalia, CGSC with Mr. Kaushal Jeet Kait, GP, Mr. Vibhav Singh, Ms. Hridyanshi Sharma, Mr. Suyash Rawat, Advocates, Mr. Pradeep Balliyan, Sr. AD and Mr. Piyush Kumar, Sr. Prosecutor for R-2. CORAM: HON'BLE MR. JUSTICE SANJEEV NARULA JUDGMENT SANJEEV NARULA, J.: 1. The Petitioner, formerly a Promoter and Director of Punj Lloyd 2024. Although this period too has elapsed, the Petitioner persists in seeking suspension of the LOC, emphasizing the ongoing relevance of his business commitments and asserting that the meetings can be rescheduled if relief is granted, by this Court. 2. The present case necessitates a careful examination of the competing interests at play: the Petitioner’s fundamental right to travel abroad and t