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Gauhati HC held that on a cyber complaint of a suspicious transaction, a bank may only lien that sum and let the account holder use the rest. It protects traders’ livelihood under Article 21 by barring arbitrary full-account freezes.
Calcutta HC ruled banks cannot partially freeze accounts on mere mule suspicion without evidence, notice, and hearing - violating natural justice and RBI Master Directions. Ordered defreeze with lien only on disputed ₹10 lakh and a six-week decision deadline, affirming proportionality and due process for account holders.
Madhya Pradesh High Court reinforces that banks must comply precisely with judicial orders on account freezes, directing Axis Bank to restrict lien to Rs. 1,500 as mandated by a lower court. The ruling underscores that arbitrary deviations from court directives will not be tolerated, ensuring protection of account holders' rights under banking law.