action of freezing of the accounts;
the Investigating Officer has not given prior notice to the account
holders before freezing of their bank accounts ... Trusts whose bank accounts
have been seized and preliminary investigation revealed substantial
discrepancies in the accounts, including that the accounts of the
Trusts were
order: Provided that no bank or financial or market establishment shall freeze such account, deposit or valuable securities, for a period beyond thirty days unless ... freezing of account" shall mean that no transaction, whether deposit or withdrawal shall be allowed in the said account; and (ii) "freezing of property" shall
account
from his SBI account. Thereafter, on 15.3.2012, accused transferred
Rs.20 lacs in this joint account of Yes Bank from his SBI account
through ... debit-freezed on the request of the IO are directed to
be de-freezed, subject to the condition that before de-freezing the
accounts
that the instructions given to the Bank
by the Department for freezing the account was in exercise of
the powers under Section ... Page 4 of 43
R/SCR.A/150/2015 CAV JUDGMENT
freezing the account, thereby circumventing the mandatory
provisions as contained under Section
written request to the above said banks dated 27.10.2012, to freeze the accounts of the petitioners since they had been depositing the income derived from ... bank account and permitting the petitioners to operate their bank accounts, it would be appropriate to direct the amount lying in the bank accounts
final hearing and disposal of
this petition, stay the action of freezing the accounts of
the petitioner and his family members as per details
given ... Complaint is filed on
16/03/2017 and therefore also the accounts freezed by the
officers of the respondent No.2 are required
freeze the said six accounts
and that the account holders should not be allowed to
operate the accounts.
16. The point that ... such acts of freezing the accounts or
obstruct the account holders from operating the accounts
and while so, it has to be considered `whether
reasons, he
can freeze, whereas in the instant cases, no reasons are assigned
before ordering for freezing of bank accounts. He would submit
that ... record would clearly show
that freezing of bank account is not on account of necessity to
freeze as assessed by the Investigating Officer during
freeze the said
six accounts and that the account holders should not be allowed to operate the
accounts. 16. The point that ... such acts of freezing the
accounts or obstruct the account holders from operating the accounts and while
so, it has to be considered `whether
freeze any account can be exercised only if there was any direct
nexus between the crime and the said account. The freezing of accounts have ... accounts and transactions. The Special Investigation
Team already had access to all such materials and several accounts have been
taken by them. Freezing of bank
