https://www.taxtmi.com/caselaws?id=470822 Writ jurisdiction may extend to a private bank's unilateral freezing of bank and demat accounts where the action directly impairs the customer's ability to conduct banking transactions and carry on business. The private character of the bank does not bar relief where no cogent justification supports the freeze. Accounts should be defrozen when no judicial forum has authorised the restriction, the Registrar of Companies' management-dispute remark has been removed, and the bank's NCLT intervention has been dismissed. Restoration of account operations is subject to furnishing an indemnity bond under the bank's applicable norms. en-us Wed, 09 Apr 2025 00:00:00 +0530 Mon, 10 Aug 2026 21:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470822 Writ jurisdiction may extend to a private bank's unilateral freezing of bank and demat accounts where the action directly impairs the customer's ability to conduct banking transactions and carry on business. The private character of the bank does not bar relief where no cogent justification supports the freeze. Accounts should be defrozen when no judicial forum has authorised the restriction, the Registrar of Companies' management-dispute remark has been removed, and the bank's NCLT intervention has been dismissed. Restoration of account operations is subject to furnishing an indemnity bond under the bank's applicable norms. Case-Laws Companies Law Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470822