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2015 Supreme(Kar) 382

S.ABDUL NAZEER
The Prestige Monte Carlo Apartment – Appellant
Versus
The Reserve Bank of India – Respondent


Advocate Appeared:
For the Petitioners:S. Ajesh Kumar, Advocate.
For the Respondents:R2, Francis Xavier, R3 & R4, K. Raghavendra Rao, R5, K.G. Lakshmipathi, Advocates, R1, Served.

Judgment

1. In these cases, the petitioners have sought for quashing the communication at Annexure ‘A’ dated 24.12.2014 sent by M/s ICICI Bank, Yelahanka New Town Branch, Bangalore-the second respondent herein informing them that the bank account bearing No. 041101000888 has been freezed subject to further orders in the suit O.S. No. 1463/2014 filed by the Prestige Monte Carlo Apartment Owners Association represented by Mr. Amit Chatterjee.

2. The first petitioner contends that it is an association incorporated under the Karnataka Apartments Owners, Act, 1972. The residential apartment complex comprises of 440 flats known as ‘Prestige Monte Cario Apartment’ situated at Doddaballapur Road, Yelahanka, Bangalore. The apartment building has several amenities such as security, swimming pool, club house, lifts, etc. Each of the apartment owners in the apartment building contribute certain amount every month towards the maintenance of the aforesaid amenities. It is further contended that the general body of the first petitioner-association passed a resolution during the emergency general body meeting held on 19.10.2014 electing the second petitioner as its President, the third petitioner as




















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