India, May 29 -- Jet Airways founder Naresh Goyal on Thursday informed the vacation bench of the Bombay High Court that he is unlikely to travel abroad immediately as two look out circulars (LOC) issued against him are still in effect.

Responding to the Enforcement Directorate's (ED) petition challenging the order of a special Prevention of Money Laundering Act (PMLA) court permitting Goyal to travel abroad for medical treatment, the 77-year-old said in an affidavit that his departure "remains contingent upon obtaining appropriate orders in respect of other Look Out Circulars which continue to remain pending and operative" against him.

The ED is investigating Goyal in an ongoing Rs.539-crore financial fraud case. Released from prison on...