Axis Bank Ltd., v. the State of Karnataka
Case brief
What is this about?
Axis Bank Ltd. v. State of Karnataka & Govindaraju M.G.; CRL.P No. 238 of 2025; High Court of Karnataka, Bengaluru; Justice Hemant Chandangoudar; decided 25-03-2025; Section 482 Cr.P.C. petition (also under Section 528 BNSS); Sections 451 and 457 Cr.P.C.; Crime No.570/2024, North CEN Crime Police Station, Bengaluru; frozen/defrozen bank account A/C No.924020020288113; unfreeze-and-transfer orders by multiple Magistrates; release amounts exceeding available balance; hearing to bank required before ordering defreeze and transfer; order dated 05.09.2024 of 45th ACJM Bengaluru set aside; petition allowed.
What did the court decide?
Setting aside of the order dated 05.09.2024 passed in Cr.No.570/2024 (Annexure-C), which had directed the petitioner-bank to defreeze the savings/current account bearing A/C No.924020020288113 and transfer the amount to the account of respondent No.2.