(1.) The Petitioners have approached this Court challenging the Lookout Circulars dtd. 3/1/2022 issued against the Petitioners by the Bureau of Immigration at the request of the Union Bank of India.
(2.) Notice was issued on 5/8/2022. Pleading are complete.
(3.) The facts of the case as stated by the Union Bank of India are that M/s. I World Business Solutions Private Limited availed a financial assistance for business needs from the Union Bank of India on the terms and conditions as agreed upon by M/s. I World Business Solutions Private Limited for repayment of such credit facility. The Petitioners stood as Guarantors to the said credit facility. It is stated that apart from being Guarantor to the credit facility availed by the company, Petitioner No.2 is also the Director of the company.