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Abhuvanasa Creations vs The Icici Bank Branch Manager
2024 Latest Caselaw 15861 Kant

Citation : 2024 Latest Caselaw 15861 Kant
Judgement Date : 4 July, 2024

Karnataka High Court

Abhuvanasa Creations vs The Icici Bank Branch Manager on 4 July, 2024

Author: S.R.Krishna Kumar

Bench: S.R.Krishna Kumar

                                               -1-
                                                           NC: 2024:KHC:25524
                                                         WP No. 15783 of 2024




                      IN THE HIGH COURT OF KARNATAKA AT BENGALURU

                              DATED THIS THE 4TH DAY OF JULY, 2024

                                            BEFORE
                          THE HON'BLE MR JUSTICE S.R.KRISHNA KUMAR
                            WRIT PETITION NO.15783 OF 2024 (GM-RES)

                   BETWEEN:

                   ABHUVANASA CREATIONS
                   NO.806, 23RD CROSS,
                   NEAR TO R.N.S. COLLEGE,
                   DWARAKANAGAR, CHANNASANDRA,
                   RAJARAJESHWARI NAGAR,
                   BENGALURU - 560 098.

                   REPRESENTED BY ITS PROPRIETOR,
                   RAVINDRA K
                   AGED ABOUT 35 YEARS,
                   S/O KUMAR, R/AT NO.806, 23RD CROSS,
                   NEAR TO R.N.S. COLLEGE,
                   DWARAKANAGAR, CHANNASANDRA,
                   RAJARAJESHWARI NAGAR,
                   BENGALURU - 560 098.
                                                                 ...PETITIONER
                   (BY SRI. NANDEESH, ADVOCATE)
Digitally signed
by Vandana S       AND:
Location: HIGH
COURT OF
KARNATAKA          THE ICICI BANK BRANCH MANAGER
                   NO.483, MAIN ROAD, RAJARAJESHWARI NAGAR,
                   NEAR IOCL PETROL BUNK
                   BENGALURU - 560 098.
                                                               ...RESPONDENT
                   (BY SRI. JAI M. PATIL AND
                       SMT. SRIDEVI, ADVOCATES)

                        THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE
                   CONSTITUTION OF INDIA PRAYING TO DIRECT R1 TO LIEN /
                   FREEZE / DEBIT FREEZ THE DISPUTED AMOUNT TILL THE
                   INVESTIGATION IS OVER AND DE-FREEZE THE ENTIRE
                                     -2-
                                                    NC: 2024:KHC:25524
                                                WP No. 15783 of 2024




PETITIONER BANK CURRENT ACCOUNT NO.093805004623 IFSC
ICIC0000938.

       THIS PETITION IS COMING ON FOR PRELIMINARY HEARING
IN 'B' GROUP, THIS DAY, THE COURT MADE THE FOLLOWING:
                                 ORDER

In this petition, petitioner seeks the following reliefs:

"a) Issue writ of mandamus directing respondent No.1 to lien / Freez / Debit Freez the Disputed Amount till the investigation is over and De-freez the entire petitioner's Bank Current Account No.093805004623 IFSC:

ICIC0000938.

b) Pass such other order(s) which this Court may deem fit and proper in the interest of justice."

2. Heard learned counsel for the petitioner and learned

counsel for the respondent and perused the material on record.

3. In addition to reiterating the various contentions urged

in the memorandum of petition and referring to the material on

record, learned counsel for the petitioner submits that in respect of

petitioner's bank account No.093805004623 out of the total

transaction amount, the disputed amount is only Rs.2,07,764/- and

that the petitioner has no objection for a lien to be created on the

said amount and necessary directions may be issued to the

respondent - bank to defreeze the aforesaid subject account by

NC: 2024:KHC:25524

marking a lien only to an extent of disputed amount, which is

Rs.2,07,764/-. In support of his contention, he placed reliance

upon the judgments of this Court in Razorpay Software Private

Limited Vs. The State of Karnataka and another -

W.P.No.62/2022 dated 22.09.2022 and N. Nagaraju Vs. State of

Karnataka and another - W.P.No.27214/2023 dated 23.01.2024.

4. Per contra, learned counsel for respondent submits

that the present petition may be disposed of in terms of the

judgment passed in Razorpay Software Private Limited by

marking a lien to an extent of Rs.2,07,764/- in the account of the

petitioner.

5. In view of the aforesaid facts and circumstances and

the judgment of this Court in Razorpay's case, I deem it just and

appropriate to dispose of this petition directing to defreeze the

aforesaid bank account No.093805004623 of the petitioner in

respondent - bank by marking lien only to an extent of

Rs.2,07,764/-. It is needless to state that marking of the said lien

would be subject to the final out come of the investigation.

NC: 2024:KHC:25524

6. Subject to the aforesaid observations and directions,

the petition stands disposed of.

Sd/-

JUDGE

SV

 
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