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Bank freezes Bengaluru man's entire account instead of Rs 25,000 specified by police; Karnataka HC grants him relief
A Bengaluru resident approached the Karnataka High Court after his bank froze his entire account despite police communications seeking a freeze of only Rs 25,000. The court ruled that banks cannot expand the scope of freezing directions on their own and must restrict action to the amount specified by investigating agencies unless a complete freeze is explicitly ordered.
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2 prospettive sulla stessa storiaTimeline cronologica
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thehindu.com
Banks cannot freeze entire account when probe agencies seek freezing of only specified amount: Karnataka High Court
Karnataka High Court rules banks can't freeze entire accounts when only a specific amount is directed by investigating agencies.
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economictimes.indiatimes.com
Bank freezes Bengaluru man's entire account instead of Rs 25,000 specified by police; Karnataka HC grants him relief
A Bengaluru resident approached the Karnataka High Court after his bank froze his entire account despite police communications seeking a freeze of only Rs 25,000. The court ruled…