Company's Bank Account Ordered to Be Unfrozen; Disputed Funds Directed to Be Kept in Fixed Deposit: Madhya Pradesh High Court

The Madhya Pradesh High Court has directed the unfreezing of the bank account of Dekain Perfect Tech Solution Private Limited while ensuring that the disputed amount remains protected during the pendency of legal proceedings. The Court held that banking operations of a company cannot remain indefinitely restricted merely on the basis of communications received from investigating agencies without following due legal procedure. Court and Judge The matter was decided by…