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Source: Economic Times

Economic Times
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Banking Sector
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4 min
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14 Aug
Published
Banking Sector
4 min read· Economic Times

Allahabad HC orders banks to freeze only disputed amount in cybercrime cases

The Allahabad High Court has ruled against the imposition of blanket debit freezes in cybercrime cases, emphasizing that such measures must be proportionate to the suspected proceeds of crime. Banks are directed to unfreeze accounts beyond the disputed transaction sum, and investigators are now required to furnish spec…

The Allahabad High Court has ruled against the imposition of blanket debit freezes in cybercrime cases, emphasizing that such measures must be proportionate to the suspected proceeds of crime. Banks are directed to unfreeze accounts beyond the disputed transaction sum, and investigators are now required to furnish spec

Source: Economic Times