Ashish Garg vs State Bank Of India & Ors

ik-71649812 Delhi High Court 23 February 2026 • 6 min read

Judges (1)

Counsel (7)

Aryan Dhaka Counsel Respondent Asmita Kumar Counsel Respondent Astha Gumber Counsel Petitioner Manohar Malik Counsel Petitioner Mukul Singh Counsel Respondent Vivek Gurnani Counsel Respondent Zoheb Hossain Counsel Respondent

Parties (4)

Directorate of Enforcement Respondent State Bank of India Respondent Union of India Respondent Ashish Garg Petitioner

Case Significance

Ashish Garg vs State Bank Of India & Ors is a Delhi High Court decision dated February 23, 2026 (citation: ik-71649812). The petitioner challenged Look Out Circulars (LOCs) issued against him by SBI/CBI and the Enforcement Directorate in connection with a bank fraud investigation. The court found that the purpose of the LOCs had been sufficiently served and quashed them subject to conditions including filing an affidavit to cooperate with investigations, producing all documents in possession, and not travelling abroad without specific permission of the investigating agency. Liberty was reserved for the ED to di The case was heard by Justice Purushaindra Kumar Kaurav.

Summary

The petitioner challenged Look Out Circulars (LOCs) issued against him by SBI/CBI and the Enforcement Directorate in connection with a bank fraud investigation. The court found that the purpose of the LOCs had been sufficiently served and quashed them subject to conditions including filing an affidavit to cooperate with investigations, producing all documents in possession, and not travelling abroad without specific permission of the investigating agency. Liberty was reserved for the ED to direct reissuance of the LOC in case of breach of undertakings.

What was the outcome of Ashish Garg vs State Bank Of India & Ors?

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-71649812)