The possibility of marking a lien on disputed amount, whenever it is identifiable, should be explored as a more appropriate interim measure. Ideally, it should be the first and foremost option.
Delhi High Court: A petition was filed by aggrieved by Neelkanth Pharma Logistics Pvt Ltd (petitioner) the way its account has been frozen by respondent No.2 Bank (HDFC Bank) arguing that such an indiscriminate freeze had significantly disrupted its business operations. Manoj Jain, J., recommended that the Ministry of Home Affairs, Government of India, develop a uniform policy and standard operating procedures (SOPs) in collaboration with all stakeholders, including State/UT law enforcement agencies, emphasizing that a bank account should not be entirely frozen solely due to a suspicious transaction unless the account holder is proven to be complicit in a crime. .
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