Delhi HC Bars Shivinder Mohan Singh from Traveling Abroad Amid SFIO Investigation

The Delhi High Court denied Shivinder Mohan Singh, former Religare promoter, permission to travel abroad amid an SFIO investigation into Religare Enterprises Limited. Singh sought to attend his sons' graduation ceremonies, but the court ruled national and economic interests took precedence over personal reasons.

In a significant verdict on Wednesday, the Delhi High Court declined to permit Shivinder Mohan Singh, former promoter of Religare, to leave the country. The court upheld the look-out circular issued against him amid an ongoing Serious Fraud Investigation Office (SFIO) probe into the affairs of Religare Enterprises Limited (REL) and associated entities.

Justice Dharmesh Sharma's vacation bench noted that Singh possesses considerable assets abroad and expressed concerns that he might not return if allowed to travel. Singh had requested to travel to the UK between June 14 and July 4, and again from August 20 to September 10, to attend his sons' graduation ceremonies.

The court emphasized that while attending a child's graduation is significant, national interest must take precedence. The SFIO's investigation, which has already indicated the siphoning off of over Rs 1,800 crore, holds a higher priority in safeguarding the interests of affected stakeholders.

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