New Delhi, Oct. 18 -- The Delhi High Court has quashed the lookout circulars (LOCs) issued against Sanjay Dangi and Amit Dangi at the instance of the Enforcement Directorate (ED) in connection with its money laundering investigation into alleged financial irregularities involving Reliance Commercial Finance Limited (RCFL) and Reliance Home Finance Limited (RHFL).

Justice Madhu Jain, in an order dated October 16, held that the continued operation of the LOCs was not warranted in view of the petitioners' cooperation with the investigation and the absence of adequate justification for preventing them from travelling abroad.

The court observed that the pendency of further investigation, by itself, could not justify an indefinite restriction...