New Delhi, March 13 -- A Delhi court has quashed a Look Out Circular (LOC) issued by the Enforcement Directorate (ED) against a businessman in a money-laundering case linked to accused Amarendra Dhari Singh, directing the agency to withdraw the circular within 48 hours.

The order was passed on Wednesday by Special Judge Jitendra Singh of the Rouse Avenue Court while hearing an application filed by businessman Ankit Aggarwal seeking cancellation of the LOC issued against him in the case titled Directorate of Enforcement vs Amarendra Dhari Singh & Ors.

While allowing the application, the court held that the purpose of issuing a Look Out Circular had already been fulfilled as the applicant had consistently cooperated with the investigation...