Centre moves Supreme Court against High Court's stay on look out notice against Karti Chidambaram
The apex court will hear the Government's appeal against Karti Chidambaram's relief from the look out notice.
The Madras High Court, on Thursday, stayed the lookout notice issued by the Centre against Karti Chidambaram, the son of former Union finance minister and senior Congress leader P Chidambaram.
Justice M Duraiswamy has asked the Centre to file a counter-affidavit by Sep 4.
The lookout notice was issued against Karti Chidambaram on June 16 and that against four of his associates on July 18.
The lookout notice was issued to prevent Karti Chidmabaram and his associates from leaving the country following the filing of an FIR against them pertaining to Karti and INX Media being allegedly involved in the Foreign Investment Promotion Board (FIPB) clearance given to the media house for foreign direct investment (FDI) in 2007.
The probing agency had claimed that the FDI proposal of the media house was "fallacious" but former Union finance minister Chidambaramhad cleared it, reported TOI.
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