Remanded
Porur Service Co. Operative Bank Ltd. No M 357 v. the State Police Chief
Kerala HCWP(C)/2491/2024
Case brief
AI extract
What is this about?
This judgment delivered interim orders in multiple Writ Petitions concerning frozen bank accounts. The Court directed banks to restrict freezing orders only to the amounts alleged as proceeds of crime, allowing petitioners to transact within the remaining balance. The Court mandated that police authorities inform banks within eight months if freezing must continue.
What did the court decide?
Directing respondent Banks to confine freezing of accounts only to the disputed amount; directing Police Authorities to inform Banks within eight months if freezing must continue.