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IN THE HIGH COURT OF KERALA AT ERNAKULAM
M.A.ABDUL HAKHIM, J
ARSHAD T.P – Appellant
Versus
HDFC BANK – Respondent
| Table of Content |
|---|
| 1. freezing of the account occurred based on law enforcement requisitions. (Para 1) |
| 2. banks must follow guidelines for account freezes regarding suspicious activities. (Para 2 , 3) |
| 3. court issues directives on how the bank should manage the account freeze. (Para 4) |
JUDGMENT
1. The petitioner is aggrieved by the freezing of the account of the petitioner maintained with the 1st respondent/Bank. The learned Standing Counsel for the 1st respondent submitted that the Bank has received requisitions from the 2nd and 3rd respondents for the amounts of Rs.1,580/- and Rs.190/- on 01.02.2025 and 10.02.2025, respectively, and the Bank has effected debit freeze of the account. Apart from that, the Bank is having suspicions over the transactions in the account. The account was opened on 10.01.2025, showing a turnover of Rs.19,00,000/- to the establishment of the petitioner. But from January to March, the account recorded around 335 transactions with a total turnover of approximately Rs.4.85 Crores for both credits and debits. The 1st Respondent/Bank conducted a review of the transactions and found that there were a number of debits, each in the range of Rs.1,200/- to Rs.2,000/-, t
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