RAKESH SHARMA vs UNION OF INDIA & ORS.

IN THE HIGH COURT OF DELHI AT NEW DELHI W.P.(C) 1055/2024 Date of Decision: 08.05.2026 IN THE MATTER OF: RAKESH SHARMA .....Petitioner Through: Mr. Tanmay Mehta, Ms. Manisha Parmar, Ms. Aadrijaa Sonik, Mr. Rahul Yadav Advocates. versus UNION OF INDIA & ORS. .....Respondents Through: Ms. Shiva Lakshmi (SPC) Mr. Pravar Dennison adv. Ms. Urvi Tripathi, Advs. CORAM: HON’BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV JUDGEMENT PURUSHAINDRA KUMAR KAURAV, J. (ORAL) 1. The present petition has been filed for quashing the Look Out Circular issued against the petitioner at the instance of Serious Fraud Investigation Office [SFIO]. 2. The petitioner, an IIT Roorkee Graduate, joined the Jaypee group in 1992 and worked primarily in hydropower sector for about 25 years. He held directorship in various Jaypee Group companies including Jaiprakash Associates Limited and Jaypee Infratech Limited and served as whole-time- director in Jaypeee Infratech Limited from 01.04.2012 to 01.07.2017. He has 2021. 3. On 15.02.2021, the petitioner received the first summons from SFIO issued approx. 3 months after the LOC had been issued. In furtherance thereof, the petitioner appeared on 24.02.2021. He cooperated full