No Freezing of Bank Accounts beyond alleged Amount involved in Financial Frauds: Madras HC [Read Order]
Courts across India have consistently ruled that accounts cannot be frozen indefinitely without informing the account holders of the reasons and extent of the freeze
By Navasree A.M - On September 16, 2024 12:07 pm - 2 mins read
The Madras High Court has ruled that bank accounts cannot be freezed beyond the alleged amount involved in the financial frauds. Dr. Justice G Jayachandran observed that āUnder the guise of investigation, order freezing the entire account without quantifying the amount and period cannot be passed. Such order will be construed as violation of the…
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