Disposed¶7

Sri. Yashwanth Lokanath v. M/S. Icici Bank Ltd.

Karnataka HC2 Jul 2026WP/32400/2025

Case brief

AI extract

What is this about?

Bank account freeze/defreeze; lien marking for suspicious transactions; police notices to bank; Section 102 CrPC; Articles 226 & 227; writ of mandamus/certiorari; ICICI Bank; GM-RES; WP No. 32400 of 2025; Karnataka HC; Justice M. Nagaprasanna; disposed with liberty to represent to bank.

What did the court decide?

No mandamus or certiorari was granted; instead the petitioner was directed to submit a representation to respondent No.1/Bank within one week, the Bank to consider it within two weeks and to demark the lien if satisfied with the petitioner's explanation. ¶7

Sri. Yashwanth Lokanath Vs M/S. Icici Bank Ltd. — Writ and Judicial Review | Karnataka HC (2026)

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NC: 2026:KHC:33434 WP No. 32400 of 2025

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HC-KAR

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IN THE HIGH COURT OF KARNATAKA AT BENGALURU

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DATED THIS THE 2^ND DAY OF JULY, 2026

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BEFORE

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THE HON'BLE MR. JUSTICE M.NAGAPRASANNA WRIT PETITION NO. 32400 OF 2025 (GM-RES)

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BETWEEN:

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SRI. YASHWANTH LOKANATH S/O LOKANATH B R AGED ABOUT 33 YEARS RESIDING AT NO.815, 3^RD MAIN, 4^TH BLOCK, NEAR LALITHA GANESH TEMPLE, RAJAJINAGAR BENGALURU - 560 010

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…PETITIONER

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(BY SRI. BHARATH M.R., ADVOCATE)

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AND:

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M/S. ICICI BANK LTD

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INFOSYS TECHNOLOGIES LIMITED Digitally signed by 3^RD CROSS, ELECTRONIC CITY, PADMAVATHI HOSUR ROAD, BANGALORE - 560 100 B K REPRESENTED BY BRANCH MANAGER Location: High Court of Karnataka 2.

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STATE OF KARNATAKA REP BY ITS PRINCIPAL SECRETARY DEPARTMENT OF HOME AFFAIRS VIDHANA SOUDHA BENGALURU - 560 001

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THE STATION HOUSE OFFICER WHITEFIELD CEN CRIME POLICE STATION

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2 - NC: 2026:KHC:33434 WP No. 32400 of 2025

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HC-KAR

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HIGH COURT BUILDING BENGALURU - 560 001

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THE STATION HOUSE OFFICER KAMAKSHIPALYA POLICE STATION REPRESENTED BY THE STATE PUBLIC PROSECUTOR HIGH COURT BUILDING BENGALURU - 560 001

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…RESPONDENTS

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(BY SRI. B.S. JEEVAN KUMAR, ADVOCATE)

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THIS WP IS FILED UNDER ARTICLE 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECTING THE RESPONDENT BANK TO DEFREEZE THE PETITIONERS BANK ACCOUNT BEARING NO. 055201549248 MAINTAINED AT THE RESPONDENTS INFOSYS BRANCH, BENGALURU.

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THIS PETITION, COMING ON FOR ORDERS, THIS DAY,

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ORDER WAS MADE THEREIN AS UNDER:

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CORAM: HON'BLE MR. JUSTICE M.NAGAPRASANNA

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ORAL ORDER

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The petitioner is before the Court seeking the following

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prayers:

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i. Issue a Writ of Mandamus or any other appropriate Writ directing the Respondent Bank to defreeze the Petitioner's Bank account bearing no. 055201549248 maintained at the Respondent's Infosys Branch, Bengaluru;

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NC: 2026:KHC:33434 WP No. 32400 of 2025

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HC-KAR

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i(a). To issue a Writ of Certiorari or any other writ setting aside the police notices/communications at Annexures - E and F, issued to the Respondent Bank, as being illegal, arbitrary and violative of Section 102 CrPC;

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ii. Pass such other and further orders as this Hon'ble Court deems fit in the circumstances of the case, in the interest of justice."

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Heard Sri. Bharath M.R., learned counsel appearing

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for the petitioner and Sri. B.S. Jeevan Kumar, learned counsel appearing for respondent No.1.

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The account of the petitioner is said to have been frozen on account of certain statutory compliances pending from the hands of the petitioner on the request of the Bank.

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Sri. B.S. Jeevan Kumar, learned counsel appearing for respondent No.1/Bank would submit that certain suspicious transactions took place, which was not explained by the petitioner. Therefore, the lien is marked in the said account.

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The learned counsel appearing for the petitioner submits that the petitioner would come and explain the circumstances to the Bank. The appropriate order would be passed demarking the lien that is.

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NC: 2026:KHC:33434 WP No. 32400 of 2025

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HC-KAR

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In the right of the said submission, I deem it

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appropriate to direct the petitioner to submit a representation to respondent No.1/Bbank within one week from today and the Bank to consider the same within two weeks, thereafter and demark the lien on being satisfied with the explanation.

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With the aforesaid observation, the petition stands

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disposed .

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Sd/(M.NAGAPRASANNA)

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JUDGE

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JY List No.: 2 Sl No.: 0

Sri. Yashwanth Lokanath v. M/S. Icici Bank Ltd.

Case brief

What is this about?

What did the court decide?

Sri. Yashwanth Lokanath v. M/S. Icici Bank Ltd.

Case brief

What is this about?

What did the court decide?

Why is it important?

What the court decided

Issues for consideration

Statutes considered

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