Enforcement Directorate Confirms No Debit Freeze on Accounts; Court Directs Communication to Banks Within Five Days

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....The HC dismissed appellants' application for de-freezing bank accounts, clarifying that no debit freeze exists according to the Enforcement Directorate (ED). The Court ruled that appellants are free to operate their accounts in accordance with law. ED was directed to communicate this position to the respective banks within five working days, including a copy of the order to lift any debit freeze. However, the Court specified that appeals challenging the attachment orders filed before the Tribunal shall be decided on their own merits. The appeal was accordingly disposed of.....