SANJEEV SACHDEVA, J.

1. The Petitioner by the present petition seeks quashing of letter dated 23.12.2016 whereby the Respondent No. 2/Directorate of Revenue Intelligence has directed the Respondent No. 3 and 4 (Banks) to cease all banking activities of the bank accounts of the petitioner. The Petitioner also seeks quashing of letter dated 26.12.2016 whereby the petitioner has been informed by the Banks that all accounts of the petitioner have been stopped.

2. It is contended by the Petitioner that the petitioner has an export unit in Noida SEZ for importing gold, manufacturing jewellery and exporting the same.

3. On 22.12.2016, the officers of Respondent No. 2/Directorate of Revenue Intelligence (DRI for short) carried out searches in premises of Petitioner at Noida and Delhi. At Noida, the DRI officers seized 15 kg consignment of jewellery. The custom authorities had earlier seized 3 kgs. In total 18 kgs of gold of the petitioner has been seized.

4. On 23.12.2016, DRI officers seized of Rs. 2,48,45,500/- in demonetized currency notes and Rs. 13,40,000/- in new currency notes and various documents. The details thereof was recorded in the panchnama dated 23.12.2016. It may be