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2024 Supreme(Online)(KER) 29466

HIGH COURT OF KERALA
T. R. Ravi, J
CHALISSERRY SERVICE CO-OPERATIVE BANK, LTD, P.579 – Appellant
Versus
STATE OF KERALA – Respondent


JUDGEMENT

The petitioner is the holder of accounts with the 4th respondent Bank and the account has been frozen on intimation by the Police Authorities. The Court had at the time of admission directed the Standing Counsel to get instructions. t is seen that the notice to the Bank does not mention the disputed amount, and seeks a complete debit freeze of all the amounts in credit. In such circumstances, following the decision in Dr.Sajeer v. Reserve Bank of India [ 2023 KHC OnLine 661], this writ petition is disposed of with the following directions;

    (a) The respondent Bank is directed to immediately issue a request to the Investigation Authority/Police Authority and seek the amount which is required to be kept in freeze or held in lien in the account of the petitioner. This shall be done by the Bank within a period of one month from the date of receipt of a copy of this judgment.
    (b) In the event that the Investigating Officer/Police Authority responds to the afore requisition and mentions a particular amount, as being the sum that is required to be kept frozen or held in lien, then the respondent Bank will confine the freeze/lien to such an extent and allow the petitioner/account h
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