BANK OF BARODA vs SURENDER KUMAR BANSAL & ORS. & ORS.

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment reserved on:09.04.2026 % Judgment delivered on:04.06.2026 + LPA 242/2026& CM APPLs. 22851-52/2026 & 22854/2026 BANK OF BARODA .....Appellant Through: Mr. Sougat Sinha, Adv. with Ms. R. Gayathri Manasa, Ms. Sonali Kumar, Mr. Vishal Majumdar and Ms.Maitrayee Shrivastva, Advs. along with Mr. Praveen Upadhyay, Officer of the Bank. versus SURENDER KUMAR BANSAL & ORS. .....Respondents Through: Mr. Sanjoy Ghose, Sr. Adv. with Ms.Lalit Mohini Bhat, Mr. Siddharth Agarwal and Mr. Mohit Garg, Advs. for R-1 & R-2. CORAM: HON'BLE THE CHIEF JUSTICE HON'BLE MR. JUSTICE TEJAS KARIA JUDGMENT DEVENDRA KUMAR UPADHYAYA, C.J. 1. The appellant – Bank of Baroda has instituted the proceedings of this intra-court appeal challenging the order dated 21.01.2026 passed by learned LPA 242/2026 Page 1 of 9 Signature Not Verified Digiltally Signed By:SREERAM L Signing Date:04.06.2026 12:05:23 Single Judge in W.P.(C) 11367/2021, whereby Look Out Circular [‘LOC’] opened against the respondent nos. 1 and 2 has been set aside with certain directions. The learned Single Judge while setting aside the LOC has issued various directions. The operative portion of the impugned order is contained in paragraph 8, which is extracted herein below: “8. Under these circumstances, the Court finds that the LOC opened against the petitioners deserves to be set aside with the following directions:- (i) The petitioners shall file an affidavit before the Trial Court affirming that they shall fully co-operate with the trial; (ii) The petitioners shall not travel abroad without the permission of the Trial Court; (iii) Liberty is granted to the respondent nos.3 to 5 and 8 to re-open the LOC, in case they find that the petitioners are violating any of the terms, conditions o