Kerala High Court reaffirms that writ petitions under Article 226 against SARFAESI Act proceedings are maintainable only in exceptional circumstances, directing aggrieved parties to Debts Recovery Tribunal.
Madhya Pradesh High Court holds that banks cannot freeze accounts based solely on cyber cell notices without judicial oversight under Section 102 CrPC.
Madras High Court rules that banks must fully comply with court orders to withdraw hard enquiries from credit reports, ensuring accurate CIBIL scores for loan applicants.
Madhya Pradesh High Court holds that banks cannot freeze entire accounts based on unverified cyber crime alerts; disputed amounts must be frozen in fixed deposits pending magistrate's order.
Madhya Pradesh High Court holds that banks cannot freeze accounts based solely on police directives without judicial authorization under Section 102 CrPC.
Bombay High Court directs banks to halt possession of mortgaged property pending DRT adjudication and grants 4-week abeyance for DRAT appeal under Securitisation Act, 2002.
Madhya Pradesh High Court holds that banks cannot freeze accounts based solely on cyber cell notices; funds must be held in fixed deposits pending magistrate's order within three months.
Madras High Court holds that freezing entire bank account for a Rs.10,000 alleged offence violates proportionality; mandates limited lien only.
Rajasthan High Court mandates banks to freeze accounts only upon precise police direction and provides a 7-day window for confirmation, safeguarding business liquidity.
Rajasthan High Court holds banks cannot freeze accounts without precise evidence of cyber fraud; mandates procedural safeguards and time-bound police coordination.