Goodskill Securities And Services Limited v. The Branch Manager, Icici Bank & ORS.

$~64 * IN THE HIGH COURT OF DELHI AT NEW DELHI + W.P.(C) 4725/2026 GOODSKILL SECURITIES AND SERVICES LIMITED .....Petitioner Through:

Mr Varshesh Khurana and Ms Vaishali Chattlani, Advs.

versus THE BRANCH MANAGER, ICICI BANK & ORS.

....Respondents Through:

Mr. Amol Sharma, Adv. Ms Tanya Bajla Adv, for R1

CORAM:

HON'BLE MR. JUSTICE JASMEET SINGH

O R D E R

% 09.04.2026 1.

This is a writ petition filed under Article 226 of the Constitution of India seeking the following prayers:- "a) Issue a writ in nature of Mandamus, or any other appropriate writ, order, direction quashing the freeze instructions/liens issued by the Respondent no 2-6 and executed by Respondent no 1 in respect of the Petitioner above said bank account number;

b) Quash the impugned action of respondent no 2-6 and direct Respondent no to immediately defreeze and restore operational access to the petitioner bank account number (s) 054705001873;

c) That issue a writ, order or direction in the nature of Mandamus, or any other appropriate writ, order or direction, quashing and setting aside the lien of Rs. 1,95,654.96/- illegally and arbitrarily imposed on the Petitioner's aforesaid bank account, along with any other liens or restrictions placed The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.

thereon, being violative of the principles of natural justice and imposed without any prior notice, intimation, or communication to the Petitioner, and consequently direct the concerned authorities to forthwith remove the said lien and permit the Petitioner to freely operate the said bank account; d) That this Hon'ble Court may graciously be pleased to issue a writ, order or direction in the nature of Certiorari, calling for the entire records from Respondent No.

I, including all directions, communications, notices, orders, or instructions issued by the concerned police authorities, pursuant to which the Petitioner's aforesaid bank account has been frozen, and upon examination of the same be pleased to declare the said action as illegal, arbitrary and without authority of law; e) That this Hon'ble Court may graciously be pleased to restrain the Respondents, their officers, agents, servants or any person acting under their authority from taking any coercive or adverse action against the Petitioner pursuant to the impugned action, during the pendency of the present writ petition, and further be pleased to direct the concerned authorities to conduct and conclude any proceedings, if any, against the Petitioner strictly in accordance with law within a time-bound period, as may be deemed fit and proper by this Hon'ble Court; f) That this Hon'ble Court may graciously be pleased to declare the freezing of the Petitioner's aforesaid bank account by the Respondents as arbitrary, unreasonable, illegal and without authority of law, being in gross violation of the Petitioner's fundamental and constitutional rights guaranteed under The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.

Articles 14, 19(1)(g) and 300A of the Constitution of India, and consequently quash the said action and direct the Respondents to immediately defreeze the said bank account and permit the Petitioner to operate the same without any restriction; g) That this Hon'ble Court may graciously be pleased to direct the Respondents to pay appropriate compensation to the Petitioner for the harassment, financial hardship and unlawful deprivation of property suffered by the Petitioner on account of the arbitrary and illegal freezing of the Petitioner's bank account, in violation of the Petitioner's constitutional and legal rights. ..."

2.

For the said reasons, issue notice.

3.

Mr. Sharma, learned counsel accepts notice on behalf of the respondent No. 1.

4.

There is nobody appearing on behalf of other respondents, however, the matter is being taken up for hearing as respondent no. 1 is the main contesting party. 5.

The brief facts of the case are that the petitioner Non-Banking Financial Company ("NBFC") has a bank account bearing No. 054705001873 with respondent No. 1 bank. In October, 2025, the petitioner came to know that its bank account has been freezed without any prior notice. 6.

My attention has been drawn to Annexure P-5 which is an email addressed by the respondent No. 1 to the petitioner showing that the said bank account has been freezed on account of complaints received from the Ministry of Home Affairs to the tune of Rs. 1,95,654.96/- and with regard to Enchanted Due Diligence by the bank.

7.

The petitioner is agreeable to a lien of Rs. 1,95,654.96/- being marked on the said account and the account may be permitted to be operational, subject to such lien.

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.

8.

Mr. Sharma, learned counsel for the respondent No. 1, states that there is also an issue with regard to the address of the petitioner. 9.

For the said reasons, the following directions are issued: i. That the respondent No. 1 shall mark a lien of Rs. 1,95,654.96/- on the account of the petitioner.

ii. The petitioner shall visit the branch of the respondent No. 1 Bank on 17.04.2026 at 12:30 PM with documentary proof of the address.

iii. Subject to the verification and lien of Rs. 1,95,654.96/-, the account of the petitioner shall be defreezed forthwith and not later than 48 hours from 17.04.2026.

10.

The petition is disposed of in aforesaid terms, along with pending applications, if any.

11.

Dasti.

JASMEET SINGH, J APRIL 9, 2026/AS The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.