KARNATAKA HIGH COURT
S.R.KRISHNA KUMAR, J
AXIS BANK LTD. – Appellant
Versus
THE STATE OF KARNATAKA – Respondent
| Table of Content |
|---|
| 1. requirement for bank to be heard before order execution. (Para 3 , 4) |
ORAL ORDER
"a) To set aside the Order, Dated: 27.01.2025 passed by the Hon'ble Il Additional Senior Civil Judge & JMFC, Court, Chikkaballapura, in Crime No.94/2024 i.e. ANNEXURE 'C' in terms of which, the Petitioners are directed to defreeze the Current accounts bearing A/c. No. 924020034161679 & A/c. No. 924020018106768 maintained in the Petitioners Bank and transfer the same to the account of the Respondent No.2.
2. Heard learned counsel for the petitioners and learned HCGP for the respondent No.1 and perused the material on record.
4. As rightly contended by the learned counsel for the petitioners, 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 investigating agencies to unfreeze the bank accounts of the accused therein.
4. Admittedly, multiple cases are registered ag
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