Delhi HC suspends Look-Out Circular against US citizen in Gensol probe; imposes Rs 25 crore security condition

The Delhi High Court has suspended the Look-Out Circular against Inderpreet Singh Wadhwa, a US citizen under investigation for financial irregularities. The court ordered a Rs 25 crore security deposit and a Rs 5 crore surety, emphasizing that preventive measures should not be punitive. Wadhwa must cooperate with the ongoing investigation into alleged corporate fraud.