The Court said that in the absence of any input that the defaulting borrower was likely to flee India and such departure would disrupt or adversely affect the economy of the country, a request for LOC cannot be made.
Police officers "take a lot of abuse from people who don’t know them and simply don’t like the police. Showing a little respect will go a long way", the Calcutta High Court further remarked.
Additional directors are "on equal footing, in terms of, of power, rights, duties, and responsibilities, as other directors are", the Calcutta High Court said.
The jurisdiction of a Court under Section 11 of the Arbitration Act is not a mere cosmetic exercise limited to simply examining whether a valid arbitration agreement exists, the Calcutta High Court observed