Allahabad High Court warned banks against unjustified account freezing, stressing they are trustees, not investigators. Bench of Shekhar B Saraf and Avadhesh Kumar Chaudhary fined Indian Overseas Bank Rs 50,000.
The Allahabad High Court held that police cannot freeze entire bank accounts during investigation without linking all funds to alleged offences. It clarified that under BNSS, seizure powers are limited only to amounts reasonably connected with suspected criminal activity.
The Delhi High Court summoned a Sub-Inspector from Gurugram’s Economic Offences Wing after a financial services company alleged that Investigating Officer SI Sanjay threatened its representatives and behaved rudely with their lawyer when she tried serving a notice on him.
Delhi High Court criticised the ED for freezing a woman’s bank account without proper legal grounds and mixing up key PMLA procedures. The Court said suspicion cannot replace “reason to believe” and called the ED’s approach a legal “khichdi.”
The Patna High Court directed the Bihar Education Department to avoid coercive action against state universities and officials until further notice amid ongoing disputes. The court ordered a suspension of salary freezes and account holds, emphasizing the need for amicably resolving issues to maintain academic stability and safeguard student interests. The next hearing is scheduled for May 17.
