Aadhaar-PAN linkage for Demat accounts is constitutionally valid

Tathagata Satapathy Vs HDFC Bank Ltd. (Orissa High Court) Orissa High Court held that provision mandating Aadhaar-PAN linkage for Demat accounts stands on firm constitutional and legal footing. Thus, writ petition disposed of. Facts- The Petitioner, through this Writ Petition challenges the actions of the Opposite Parties in depriving the Petitioner of access to his Invest Right app and Demat Account, linked to HDFC Bank Savings Account. It is alleged that the bank withheld the petitioner’s funds and profits and made his accounts dormant in July 2023, citing the lack of Aadhaar linkage, desp...