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Bank Can Act on Arbitral Order Without Court Execution: Karnataka HC
Case Law Details
- Case Name
- Ramya Malini H C Vs Canara Bank (Karnataka High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Karnataka High Court
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Ramya Malini H C Vs Canara Bank (Karnataka High Court)
Bank Need Not Await Execution Proceedings to Act on Arbitral Order – Karnataka HC Upholds Account Freeze by Canara Bank
Issue
The Petitioner challenged the debit freeze imposed by Canara Bank on her savings account (No. 20022200015239) following an arbitration order in Case No. LexusLFL36 (between IIFL Home Finance Ltd & the Petitioner). She sought quashing of the freeze, a mandamus to de-freeze the account, & damages for loss & distress.
Petitioner’s Contention
The Petitioner argued that the Bank acted wit...
Author Info
