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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 |
|---|
| 1. scope of petitioner seeking relief from prior order. (Para 1 , 2) |
| 2. underlying issue covered by precedent involving banking procedure. (Para 3 , 4) |
| 3. court's observation for remand and proper hearing procedures. (Para 5) |
ORAL ORDER
b) To pass such other orders as may be deemed expedient in the circumstances of the case and in the interest of justice.”
3. In addition to reiterating the various contentions urged in the memorandum of petition and referring to the material on record, learned counsel for the petitioner submits that the issue in controversy involved in the present petition is directly and squarely covered by the judgment of the Co-ordinate Bench of this Court in the case of Axis Bank Ltd., Vs. The State of Karnataka and Anr. – Crl.P.No.1787/2023 dated 14.12.2023, and the present petition may be disposed of in the above terms.
“The Petitioner which is a Financial Institution is before this Court challenging the order passed by 1st Additional Chief Metropolitan Magistrate on an application filed under Sections 451 and 457 of Cr.P.C. by the complainant/respondent No.2 directing the petitioner-Bank to defreeze the amount belonging to the accused and transfer
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