FREEZING OF AN INDIVIDUAL’S BANK ACCOUNT AFFECTS HIS/HER’S RIGHT TO LIFE AND PERSONAL LIBERTY In the case of Narayan Yadav v State of Karnataka & amp; Ors, the petitioner was facing issues in conducting business as all 4 of his bank accounts in this scenario were frozen. The Karnataka High Court intervened after a petition under Article 21 filed by the petitioner and opined that freezing of an individual’s bank accounts posed a threat to his life and liberty. The Court directed the police to de-freeze all the accounts provided that the provided the petitioner offered a bank guarantee for a sum of Rs. 3, 73, 899. The team at Reddy & amp; Reddy Law Firm comprises of legal professionals experts at handling Commercial Disputes and Arbitration matters.
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FREEZING OF AN INDIVIDUAL’S BANK ACCOUNT AFFECT...
2021-09-22T14:07:14
FREEZING OF AN INDIVIDUAL’S BANK ACCOUNT AFFECTS HIS/HER’S RIGHT TO LIFE AND PERSONAL LIBERTY In the case of Narayan Yadav v State of Karnataka & amp; Ors, the petitioner was facing issues in conducting business as all 4 of his bank accounts in this scenario were frozen. The Karnataka High Court intervened after a petition under Article 21 filed by the petitioner and opined that freezing of an individual’s bank accounts posed a threat to his life and liberty. The Court directed the police to de-freeze all the accounts provided that the provided the petitioner offered a bank guarantee for a sum of Rs. 3, 73, 899. The team at Reddy & amp; Reddy Law Firm comprises of legal professionals experts at handling Commercial Disputes and Arbitration matters.
2021-09-22T14:07:14
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