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IN THE HIGH COURT OF ORISSA AT CUTTACK
S.K.PANIGRAHI
Datum Micro Credit, Gundichar Nagar, Ganjam – Appellant
Versus
State Bank of India – Respondent
| Table of Content |
|---|
| 1. challenge to bank account freezing (Para 1 , 2 , 3 , 4) |
| 2. arguments against freezing authority (Para 5 , 6 , 7) |
| 3. court analysis on authority under cr.p.c. (Para 8 , 9 , 10 , 11 , 12 , 13 , 14) |
| 4. order to allow withdrawal and operate account (Para 15 , 16) |
JUDGMENT :
1. In this Writ Petition, the Petitioner challenges the action of Opposite Party-Bank in freezing petitioner's Bank Account bearing No-00000034307905193 based on a notice issued under Section 91 of Code of Criminal Procedure, 1973, by the IIC, Golanthara P.S, Berhampur. The Petitioner has further prayed for issuance of a direction to the Opposite Parties/Bank to allow him to withdraw the amount of Rs.12,71,324.95/- kept on hold in its Bank Account bearing No-00000034307905193 in State Bank of India, Konisi Branch.
2. Shorn of unnecessary details, the substratum of matter presented before this Court remain that Datum Micro Credit is a company incorporated under Section 25 of the Companies Act, 1956 and is a service provider (SP) for State Bank of India. Pursuant of agreement dated 29.09.2020 (Annexure-1), petitioner/company has been providing manpower services to the State Bank of India. It is pertin
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