India, July 13 -- A special Central Bureau of Investigation (CBI) court has cancelled the Look Out Circular (LOC) against Maiank Mehta, brother-in-law of fugitive diamantaire Nirav Modi and an accused in the Rs.13,850-crore Punjab National Bank (PNB) fraud case, observing that there was no material to suggest he was likely to evade trial.

In an order dated July 2, Special Judge (CBI) S.K. Karhale noted that Mehta had cooperated with the investigation and court proceedings, having already been granted pardon after agreeing to make a "full disclosure of the whole circumstances within knowledge relative to the offence and every other person concerned."

Mehta, a British citizen of Indian origin who has been residing in Hong Kong for the las...