CMS INDUSLAW secures India's first successful OFAC delisting for Lokesh Machines

CMS INDUSLAW has represented Lokesh Machines Limited in securing its removal from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) Specially Designated Nationals and Blocked Persons (SDN) List. The CMS INDUSLAW team was led by Faraz Alam Sagar (Partner & Head – Dispute Resolution and White-Collar Crime) and Surya Karan Sambyal (Partner), with support from Aarti Abhyankar (Senior Associate), Associates Aditi Goyal, Kinjal Sharma, Urja Dhapre, Prateek Ayyappan and Diya Choudhary. Lokesh Machines was designated on 30 October 2024 under Executive Order 14024, OFAC’s Russia-related sanctions program, for allegedly operating in the manufacturing sector of the Russian…

Sources

• Bar & Bench - Dealstreet
• Supreme Court / High Court judgments portal · official

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