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IN THE HIGH COURT OF JUDICATURE AT MADRAS
S.SRIMATHY, J
Bala Manikandan – Appellant
Versus
The Reserve Bank of India – Respondent
| Table of Content |
|---|
| 1. due process must be established before freezing accounts. (Para 1 , 2 , 3) |
| 2. failure to inform account holders of freezing actions violates rights. (Para 5) |
| 3. specific procedures must guide police actions on account freezes. (Para 6 , 7 , 8) |
| 4. judicial intervention can ensure compliance with procedural rights. (Para 10) |
THE HONOURABLE MRS.JUSTICE S.SRIMATHY W.P(MD)No.15499 of 2025 Bala Manikandan ... Petitioner vs.
2.The Branch Manager, Equitas Small Finance Bank, Thirumangalam Branch, Madurai District.
For Petitioner : Mr.R.Yeswanth For R3 : M/s.M.Aasha Government Advocate
The present Writ Petition has been filed for the issuance of a Writ of Mandamus, to direct the respondent No.2, Equitas Small Finance Bank, Thirumangalam Branch, to defreeze the petitioner's account and to allow the petitioner to operate the account.
3. No doubt, the statutes empower the investigation agency to request the Bank to freeze the account pending investigation and intimate it forthwith to the jurisdiction Court, but whether the power is properly exercised or not is the moot question now looming large and in the several judgments of the Courts across the India, it had been categorically h
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