JUDGMENT :

N. NAGARESH, J.

1. The petitioner is M/s. Great India Estate Private Limited, a Company incorporated under the Companies Act, 1956 in the year 1991. The petitioner seeks to quash Ext.P3 and to declare that the respondents cannot withhold or freeze the account of the petitioner without any legal grounds.

2. The petitioner holds a Current Account bearing No. 395801010036375 with the 1st respondent-Bank, in its Chalai Branch. The petitioner transferred an amount of Rs. 1 Crore from its own account to the said Current Account on 01.02.2022. The amount was not accounted. When contacted, the 2nd respondent-Branch Manager required the petitioner to furnish fresh KYC details, which were provided on 03.02.2022. The Current Account, however, was not made operational.

3. The petitioner had to make payment to Suppliers. Hence, the petitioner entrusted cheques to the 2nd respondent-Branch Manager on 10.02.2022. The petitioner was initially asked to wait for two more days to make the account operational. To the surprise of the petitioner, on 14.02.2022, the petitioner was informed as per Ext.P3 that the debit facility in the Account has been disabled and hence the transfer cannot be proce