https://www.taxtmi.com/caselaws?id=407613 A bank account frozen during a criminal investigation may be ordered defreezed where the investigation has substantially progressed, cooperation has been secured, and the record does not clearly justify continued freezing. The Court noted that the freeze was hindering business operations and served no useful purpose once a charge sheet had been filed. Relief was granted with protective conditions, including furnishing a bank guarantee for the specified amount and an undertaking to cooperate with any further investigation and the trial court. en-us Fri, 30 Apr 2021 00:00:00 +0530 Sat, 15 May 2021 08:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407613 A bank account frozen during a criminal investigation may be ordered defreezed where the investigation has substantially progressed, cooperation has been secured, and the record does not clearly justify continued freezing. The Court noted that the freeze was hindering business operations and served no useful purpose once a charge sheet had been filed. Relief was granted with protective conditions, including furnishing a bank guarantee for the specified amount and an undertaking to cooperate with any further investigation and the trial court. Case-Laws Indian Laws Fri, 30 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407613