Surendranath Reddy v. Reserve Bank of India
Case brief
What is this about?
W.P.No.9684 of 2025, High Court of Judicature at Madras, decided 21.03.2025 by D. Bharatha Chakravarthy, J. Bank account freeze / defreeze; writ of mandamus under Article 226 to dispose of representation dated 14.10.2024; petitioner Surendranath Reddy, Director of Reddx Technologies Pvt. Ltd.; respondents Reserve Bank of India, IDFC First Bank Ltd, Superintendent of Police Cyber Crime Division-I; account no. 10155608892, IFSC IDFB0080144; amount Rs.2,30,824/-; investigation in Crime No. 38 of 2023 transferred to Cyber Crime Division, Vellore; some transaction amounts credited into the account; six-month investigation timeline; conditional defreezing after investigation with possible attachment of funds; no costs.
What did the court decide?
Writ petition disposed of on terms: Inspector of Police, Cyber Crime Division, Vellore to complete investigation in Crime No. 38 of 2023 and then decide on defreezing; if only the money is to be attached it may be attached and the petitioner permitted to operate the account on that condition; if the money is not involved, the entire account may be defreezed after investigation. No costs.