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KARNATAKA HIGH COURT
S.R.KRISHNA KUMAR, J
AXIS BANK LTD – Appellant
Versus
THE STATE OF KARNATAKA – Respondent
| Table of Content |
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| 1. the court emphasizes the need for a hearing before executing orders. (Para 2 , 3) |
| 2. the court finds previous orders necessitating reconsideration. (Para 4) |
| 3. the petition is allowed and the order set aside. (Para 5) |
ORAL ORDER
"a) To set-aside the Order, Dated: 29.06.2024 passed by The Hon'ble Court of the 30th Additional Chief Judicial Magistrate, Bengaluru, in Crime No.197/2024 i.e., ANNEXURE 'C' in terms of which, the Petitioner is directed to defreeze the Savings / current account bearing A/c. No.924010025727616 maintained in the Petitioner's Bank and transfer the same to the account of the Respondent No.2.
2. Heard learned counsel for the petitioner and learned HCGP for respondent No.1 and perused the material on record.
4. As rightly contended by the learned counsel for the petitioner, the issue in controversy in the present petition is covered by the judgment of this Court in the case of Axis Bank Ltd. supra wherein it is held as under:
2. The petitioner’s concern is that the order passed by the Jurisdictional Magistrate cannot be executed because it surpasses the specified release amount, and numerous courts across the Country have issued directives to the inv
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