Allowed a writ petition challenging the freezing of the petitioner's bank account due to lack of authority of law and valid reason, awarding exemplary costs.
Exemplary costs of Rs. 10,000 awarded to the petitioner; pending miscellaneous petitions closed.
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WRIT PETITION No.12550 of 2017
HON’BLE SRI JUSTICE A.RAJASHEKER REDDY
ORDER:
Though notice was served on the respondent bank as long back as on 27.4.2017, so far no counter-affidavit is filed on its behalf.
Learned Standing Counsel for the respondent bank produced a copy of a letter before this Court stating that the same is the basis for freezing the bank account of the petitioner.
A perusal of the said letter does not disclose as to under what authority and under what provision of law, the respondent bank has freezed the account of the petitioner.
In view of the same, as the freezing of the account of the petitioner by the respondents is without any authority of law and without any valid reason. As such, this Writ Petition is allowed with exemplary costs of Rs.10,000/- (Rupees Ten thousand only) payable by the respondent bank to the petitioner.
As a sequel, Miscellaneous Petitions, if any, pending shall stand closed.
______________________ A.RAJASHEKER REDDY, J
06th November, 2019 dr
1 issue framed by the court
Whether the freezing of the petitioner's bank account by the respondent bank is without authority of law and valid reason.
1 provisions across 1 enactments
Petitioner
Respondent Bank
A.RAJASHEKER REDDY
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
