Bank Can Act on Arbitral Order Without Court Execution: Karnataka HC

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 without authority, s...