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Freezing entire account without quantifying amount & period unjustified: Madras HC
Case Law Details
- Case Name
- Mohammed Saifullah Vs Reserve Bank of India (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Madras High Court
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Mohammed Saifullah Vs Reserve Bank of India (Madras High Court)
Madras High Court held that under the guise of investigation, order freezing the entire account without quantifying the amount and period cannot be passed. Such order will be construed as violation of the fundamental rights of trade and business.
Facts- In the present case, petitioner is suspected to be dealing with cryptocurrency, the case is under investigation by the Cyber Crime Bureau of Cyberabad, Telangana, registered on 16.05.2023. The fifth respondent Bank has been instructed to freeze the account of the petitioner herein....
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