Banks May Freeze Only the Disputed Amount and Must Allow Customer to Operate the Remaining Account Balance: Rajasthan High Court
The Rajasthan High Court delivered a significant ruling in the matter concerning the State Bank of India freezing the account of the petitioner, Sayed Sarfaraj. The bench, headed by Justice Nupur Bhati, emphasized that banks must act cautiously while freezing accounts and should ensure that only the disputed or allegedly illegal amount is kept under lien. The petitioner was allowed to freely operate his account with the remaining balance. This…
