Writ Against Kotak Mahindra Bank Maintainable: Allahabad High Court Allows Petition by Proview Constructions
Summary:In Proview Constructions Ltd. vs Union of India & Others [Writ – C No. 28679 of 2024], the Allahabad High Court ruled that a writ petition is maintainable against a private scheduled bank when it performs public functions like handling public deposits. The petitioner, a construction company, challenged Kotak Mahindra Bank’s decision to freeze its […]
Andhra Pradesh High Court Dismisses Writ Petition Challenging Bank Account Freeze Based on Arbitral Tribunal Order
Summary:In Writ Petition No. 5351 of 2025, the Andhra Pradesh High Court at Amaravati, presided over by Justice Subba Reddy Satti, dismissed the petition filed by Pampana Kalyani, a government school teacher. The petitioner challenged the freezing of her salary account by the State Bank of India based on an interim order dated 03.05.2024 passed […]
Madras High Court Upholds Maintainability of Single Complaint for 36 Dishonoured Cheques in Commercial Dispute
Case Summary:In Crl.O.P.No.21268 of 2024, the Madras High Court, presided over by Hon’ble Dr. Justice G. Jayachandran, dismissed a quash petition filed by M/s Challani Ranka Jewellery and its partners against a complaint under Section 138 of the Negotiable Instruments Act, 1881. The petitioners challenged the maintainability of a single complaint involving 36 cheques and […]
Delhi High Court Protects Vendor’s Right to Livelihood in Bank Account Freezing Case
Case Summary: Pawan Kumar Rai vs. Union of India & Anr., W.P.(C) 15066/2024, Decided on 17th December 2024 Court: High Court of DelhiCoram: Hon’ble Mr. Justice Manoj Jain Facts: Petitioner’s Submissions: Observations of the Court: Court’s Direction: Significance: This judgment is a crucial precedent affirming that:• Entire bank accounts should not be frozen without proportionality […]
Union Bank of India vs. V. Harish D. Kamath & Another – Karnataka High Court Validates Bank’s General Lien on Term Deposits as Collateral Security
Court: High Court of Karnataka, BengaluruJudgment Date: 29th November 2024Case: Writ Appeal No. 679 of 2023 (GM-RES)Coram: Hon’ble Mr. Justice S.G. Pandit and Hon’ble Mr. Justice Ramachandra D. Huddar Background: Union Bank of India (formerly Corporation Bank) filed this writ appeal challenging the order of the Single Judge passed in W.P. No. 8646/2017, which had […]
Kerala High Court Upholds Freezing of Bank Accounts Under Section 102 CrPC in Corruption Case Involving ₹7.6 Crores Misappropriation
In the case Sreekala K. v. CBI & Ors. [WP(Crl.) No. 1284 of 2022], the Kerala High Court, through Justice C. Jayachandran, upheld the legality of freezing bank accounts under Section 102 of the Code of Criminal Procedure (CrPC) in a corruption investigation, despite the existence of attachment provisions under the Criminal Law Amendment Ordinance, […]
Delhi High Court Urges SOPs for Bank Account Freezing in Cyber Crime Cases: Neelkanth Pharma Logistics Pvt. Ltd. vs Union of India & Ors. [W.P.(C) 17905/2024]
In the case of Neelkanth Pharma Logistics Pvt. Ltd. vs Union of India & Ors., decided by the Delhi High Court on 20th February 2025, the petitioner challenged the freezing of its bank account by HDFC Bank based on a direction from the Vartaknagar Police Station, Thane, Maharashtra. The freeze was triggered due to a […]
Loan Help Drafts: Legal Templates & Formats for Borrowers
Introduction Borrowers often require legal drafts and templates to communicate with banks, NBFCs, and financial institutions for issues like loan restructuring, settlement requests, complaints against harassment, and legal notices. Having a well-structured legal document ensures that borrowers protect their rights and follow a legally compliant approach in dealing with lenders. This section provides a collection […]
Legal Assistance for Loan Defaulters: Rights, Remedies & Legal Protections
Introduction In India, loan defaulters often encounter harassment, legal threats, and financial stress due to non-payment of dues. It is important to note that defaulting on a loan is not a criminal offense, and borrowers possess legal rights and remedies to safeguard themselves from unethical recovery practices. This guide outlines the legal protections available to […]
Latest Updates on Loan Policies & Regulations: A Comprehensive Guide
Introduction The financial and banking sector in India is in a state of continuous evolution, with the Reserve Bank of India (RBI), the Ministry of Finance, and the Indian judiciary playing pivotal roles in shaping loan policies. It is crucial for both borrowers and financial institutions to stay informed about loan regulations, RBI guidelines, new […]