The Delhi High court has allowed a Dubai based businessman, whose company was accused of fraud to the tune of Rs 300 Crores, to travel abroad and suspended a Look Out Circular (LOC) issued by Bank of Baroda against him. Earlier this month, while travelling to London the businessman was apprehended at Delhi airport based on a Look Out Circular (LOC) issued by Bank of Baroda. A bench of Rekha Palli in an order passed on October 27, after considering the submission made by the parties, said, "I am inclined to suspend the LOC for a short period and consequently grant permission to the petitioner to travel to Germany, Switzerland and UK for a period of eight weeks" "Having considered the submissions of the counsel for the parties and perused the record, I find that it is an admitted position that till date there is no FIR against the petitioner in respect of the purported dues of the company. It is also not denied that there is no allegation against the petitioner of his