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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
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Banking Sector
4 min read· Economic TimesAllahabad 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
