https://www.taxtmi.com/caselaws?id=191655 Section 102 CrPC permits seizure or restraint only when property is found in circumstances creating suspicion of an offence, and the procedural safeguards for such restraint are followed. A bank account cannot be frozen on a factual misdescription, an incorrect assumption about arrest or accusation, or reasons showing non-application of mind. The order was unsustainable because no prompt report was made to the Magistrate and no notice or bond procedure was adopted. The restraint on the bank account was therefore set aside, with interest on the balance amount for the relevant period. en-us Fri, 22 May 1987 00:00:00 +0530 Tue, 11 Apr 2017 17:58:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191655 Section 102 CrPC permits seizure or restraint only when property is found in circumstances creating suspicion of an offence, and the procedural safeguards for such restraint are followed. A bank account cannot be frozen on a factual misdescription, an incorrect assumption about arrest or accusation, or reasons showing non-application of mind. The order was unsustainable because no prompt report was made to the Magistrate and no notice or bond procedure was adopted. The restraint on the bank account was therefore set aside, with interest on the balance amount for the relevant period. Case-Laws Companies Law Fri, 22 May 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191655