Case Law Analysis
|Punjab and Haryana High Court
Section 107 BNSS | Bank Account Freeze Without FIR or Magistrate Order Violates Constitutional Rights : Punjab & Haryana HC
Punjab & Haryana High Court rules that banks cannot freeze accounts based solely on suspicious transaction flags without an FIR or BNSS Section 107 magistrate order. The court directed unfreezing within 7 days, emphasizing the protection of constitutional rights to property and trade, particularly for crypto traders.
