Sridhar Lagadapati vs Union Of India & Ors

ik-71896190 Delhi High Court 25 February 2026 • 5 min read

Judges (1)

Counsel (8)

Akshay Sharma Counsel Respondent Arun Aggarwal Counsel Respondent Dev Pratap Shahi Counsel Respondent Kajal Ashok Mishra Counsel Respondent Malak Bhatt Counsel Petitioner Neeha Nagpal Counsel Petitioner Rohan Jaitley Counsel Respondent Shreyansh Chopra Counsel Petitioner

Parties (2)

Union of India Respondent Sridhar Lagadapati Petitioner

Case Significance

Sridhar Lagadapati vs Union Of India & Ors is a Delhi High Court decision dated February 25, 2026 (citation: ik-71896190). The petitioner, erstwhile Managing Director of Lanco Infratech Limited (LITL), challenged a Look Out Circular issued against him in connection with NCLT CIRP proceedings and MCA disqualification of LITL directors. The petitioner had resigned as MD in 2004, was classified as part of the promoter group, and started his own entertainment business, while CIRP proceedings against LITL commenced in 2017. The court found no reason for the LOC to remain in existence and set it aside, directing refund The case was heard by Justice Purushaindra Kumar Kaurav.

Summary

The petitioner, erstwhile Managing Director of Lanco Infratech Limited (LITL), challenged a Look Out Circular issued against him in connection with NCLT CIRP proceedings and MCA disqualification of LITL directors. The petitioner had resigned as MD in 2004, was classified as part of the promoter group, and started his own entertainment business, while CIRP proceedings against LITL commenced in 2017. The court found no reason for the LOC to remain in existence and set it aside, directing refund of any security deposited.

What was the outcome of Sridhar Lagadapati vs Union Of India & Ors?

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-71896190)