M/S.Kooz Advisors And Technologies Pvt. Ltd. v. The Indian Overseas Bank

1 W.P.(MD)NO.15684 OF 2024 BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 15.07.2024

CORAM

THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN W.P.(MD)No.15684 of 2024 AND W.M.P.(MD)Nos.13679 & 13680 of 2024 M/s.Kooz Advisors and Technologies Pvt. Ltd., Rep. by its Managing Director, P.Saravanan, M7, 1st Floor, Sarvacentre Building, 37, Madakulam Main Road, Madurai 625 003.

... Petitioner Vs.

The Indian Overseas Bank, Rep. by its Branch Manager, Bypass Road Branch, Madurai.

... Respondent Prayer: Writ petition filed under Article 226 of the Constitution of India, to issue a Writ of Certiorarified Mandamus, calling for the records relating to the impugned order made by the respondent in proceedings Nil dated 26.06.2024 and quash the same as illegal and consequently direct the respondent to de-freeze the petitioner's bank account in A/c.No.158002000000516 in the respondent bank retaining the disputed sum of Rs.44,000/- as lien amount within the time that may be stipulated by this Court.

For Petitioner : Mr.M.Mahaboob Athiff For Respondent : Mr.N.Dilipkumar, Additional Government Pleader.

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2 W.P.(MD)NO.15684 OF 2024

O R D E R

Heard both sides.

2. The writ petitioner is a limited company. Their account has been frozen following the complaint received from various Cyber Crime police stations throughout the country. In the writ petition, the petitioner has enclosed one communication which states that the disputed account transaction is to the tune of Rs.44,000/-. The learned Standing counsel for the bank states that the bank received as many as 8 complaints and the total value of Rs.6,45,868.

3. The respondent is permitted to retain the aforesaid sum by marking lien on the petitioner's account. Subject to such marking of lien, the petitioner is permitted to operate their bank account. The freezing effected on the petitioner's bank account is lifted to the aforesaid extent. T\his writ petition stands allowed . No costs. Consequently, connected miscellaneous petitions are closed.

15.07.2024 NCC : Yes / No Index : Yes / No Internet : Yes/ No PMU 2/4

3 W.P.(MD)NO.15684 OF 2024 To:

The Branch Manager, The Indian Overseas Bank, Bypass Road Branch, Madurai.

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4 W.P.(MD)NO.15684 OF 2024 G.R.SWAMINATHAN,J.

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