M/S Wykit Software Solutions Pvt. Ltd vs State Of Chhattisgarh on 30 July, 2026

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    Chattisgarh High Court

    M/S Wykit Software Solutions Pvt. Ltd vs State Of Chhattisgarh on 30 July, 2026

    Author: Ramesh Sinha

    Bench: Ramesh Sinha

              Digitally signed
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           SHARMA
    ALOK   Date:
    SHARMA 2026.08.05
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                                 CGHC010256842026                                    2026:CGHC:32826-DB
                                                                                                   NAFR
    
                                              HIGH COURT OF CHHATTISGARH AT BILASPUR
    
    
                                                             WPCR No. 393 of 2026
    
                                 1 - M/s Wykit Software Solutions Pvt. Ltd. Having Its Registered Office At Flat
                                 No. 39, B- 08 Poonamalle High Road Dr. Radha Krishnan Nagar,
                                 Arumbakkam, Chennai Tamil Nadu- 600106 Through Its Director Sachin Sam
                                 Aged About 29 Years S/o Shri Samkutty G. Director W Y K I T Saftware
                                 Solutions Pvt Ltd, Residing At Karavallil Puthen Veedu Parakode,
                                 Ezhamkulam, Pathanamthitta, Kerala, - 691554 Presently At G- 82, Pocket -
                                 1 Block - G, Dilshad Colony, Delhi - 110095 , Aadhar No. 669102016708
                                                                                               ... Petitioner(s)
    
                                                                     versus
    
                                 1 - State Of Chhattisgarh Through Its Secretary, Department Of Home,
                                 Mantralaya, Mahanadi Bhawan, Naya Raipur, Atal Nagar, District- Raipur,
                                 Chhattisgarh
    
                                 2 - Superintendent Of Police, District North Bastar Kanker Office Of The
                                 Superintendent Of Police Kanker District North Bastar Kanker, Chhattisgarh
    
                                 3 - Station House Officer , Police Station Kanker / Cyber Cell, Kanker District-
                                 North Bastar Kanker Chhattisgarh
    
                                 4 - A X I S Bank Limited Through Its Branch Manager, Kanker Branch District-
                                 North Bastar Kanker, Chhattisgarh
    
                                 5 - Yes Bank Limited, Through Its Branch Manager, Branch Chennai High
                                 Road Chennai Tamilnadu I F S C Yes B 0000005
    
                                 6 - H D F C Bank Limited, Through Its Branch Manager Branch Mylapore
                                 Chennai Tamilnadu I F S C Hdfc 0000323
                                                                                          ... Respondent(s)

    (Cause-title taken from Case Information System)

    For Petitioner(s) : Mr. Deepak Prakash, Advocate through V.C.
    along with Ms. Anamika Jain, Advocate.

    SPONSORED

    For Respondent(s) : Mr. S. S. Baghel, Govt. Advocate.
    2

    Hon’ble Shri Ramesh Sinha, Chief Justice
    Hon’ble Shri Ravindra Kumar Agrawal, Judge
    Order on Board
    Per Ramesh Sinha, Chief Justice
    30/07/2026

    1. Heard Mr. Deepak Prakash, learned counsel appearing for the

    petitioner, through video conferencing, along with Ms. Anamika Jain. Also

    heard Mr. S. S. Baghel, learned Govt. Advocate, appearing for the

    respondent/State.

    2. By way of this writ petition, the petitioner has prayed the following

    reliefs::

    “10.1. Issue a Writ in the nature of Certiorari or any
    other appropriate Writ, Order or Direction, calling for
    records including the complaint, FIR, seizure memo,
    Magistrate’s order under Sections 106 and/or 107 of
    BNSS, or any other communication/order forming the
    basis of freezing/debit restriction of the Petitioner’s
    bank accounts; and/or

    10.2. Issue a Writ in the nature of Mandamus or any
    other appropriate Writ, Order or Direction, directing the
    Respondent authorities and the concerned banks to
    forthwith defreeze the Petitioner’s bank accounts
    bearing Axis Bank Account No. 924020044385739; Yes
    Bank Account No. 000563200001083; and HDFC Bank
    Account No. 50200099556554; and/or

    10.3. Issue a Writ in the nature of Mandamus or any
    other appropriate writ, order or direction restraining the
    Respondent authorities and the concerned banks from
    imposing any blanket debit freeze/restriction on the
    Petitioner’s bank accounts without disclosing the
    specific transaction, quantified amount, material relied
    upon and order of the competent authority/court
    authorising such freezing; and/or
    3

    10.4. That any other relief which this Hon’ble Court may
    deem just and proper in the facts and circumstances of
    the case may kindly be issued in favour of the
    petitioners along with the cost of the petition.”

    3. The petitioner is a company incorporated under the provisions of the

    Companies Act, 2013, engaged in the business of digital payments, payout

    facilitation and allied payment aggregation support services. The petitioner

    maintains, inter alia, three business bank accounts, namely, Axis Bank

    Account No. 924020044385739, Yes Bank Account No. 000563200001083,

    and HDFC Bank Account No. 50200099556554, which are used in the

    ordinary course of its business for facilitating merchant settlements, payouts

    and allied transactional services. In connection with Crime No. 146/2026

    registered at Police Station Kanker, District North Bastar Kanker, the Cyber

    Cell, Kanker, issued Notice No. P.A./Kanker/Cyber Cell/687/2026 dated

    14.05.2026 under Section 94 of the Bharatiya Nagarik Suraksha Sanhita,

    2023, calling upon the petitioner to furnish information relating to the

    aforesaid bank accounts. Pursuant thereto, the petitioner, on 16.05.2026,

    submitted a detailed reply furnishing the information sought and also

    requested copies of the complaint, FIR, seizure memo, statements and other

    relevant documents forming the basis of the investigation. However, despite

    extending full cooperation, the petitioner alleges that its aforesaid bank

    accounts have been subjected to debit freeze/restriction in connection with

    the said crime without supplying any complaint, seizure memo, freezing

    order, report under Section 106 of the BNSS, or any order of the competent

    Magistrate under Section 107 of the BNSS. Aggrieved by the continued

    freezing of its business bank accounts, which has seriously affected its day-

    to-day business operations, the petitioner has filed the present writ petition

    seeking de-freezing of the said accounts and other consequential reliefs.
    4

    4. The petitioner submits that the continued debit freeze imposed on its

    aforesaid business bank accounts has seriously prejudiced its lawful

    business operations. The said accounts are utilized for facilitating merchant

    settlements, payouts and other day-to-day business transactions, and the

    blanket restriction has effectively paralysed the petitioner’s financial

    operations. As a consequence, the petitioner is unable to process merchant

    settlements, make legitimate payouts, discharge its contractual and financial

    obligations, or conduct its regular business activities. It is further submitted

    that despite extending full cooperation to the investigating agency by

    furnishing the requisite information and transaction details, the respondents

    have continued the debit freeze without disclosing any specific transaction,

    quantified amount, or material connecting the petitioner with the alleged

    offence, thereby causing substantial financial loss and irreparable prejudice to

    the petitioner’s business and commercial reputation.

    5. The petitioner submits that the action of the respondent authorities in

    imposing a blanket debit freeze on its business bank accounts has been

    taken without supplying any freezing order, seizure memo, report under

    Section 106 of the Bharatiya Nagarik Suraksha Sanhita, 2023 (BNSS), or any

    order of the competent Magistrate under Section 107 of the BNSS. According

    to the petitioner, no material has been disclosed indicating any specific

    unlawful transaction, the identity of any complainant or victim, the beneficiary

    trail, the UTR/reference number, or the quantified amount allegedly involved

    so as to establish any nexus between the petitioner’s bank accounts and the

    alleged offence. It is further contended that, even assuming, without

    admitting, that any particular transaction is under investigation, the

    respondent authorities could not have lawfully imposed a blanket debit freeze

    on the petitioner’s entire business accounts. At the highest, only the specific
    5

    disputed amount, if any, could have been secured by way of a lien or limited

    restriction. The continued freezing of the entire accounts, including legitimate

    funds unconnected with the alleged investigation, is, according to the

    petitioner, arbitrary, disproportionate, violative of the statutory procedure

    prescribed under the BNSS, and infringes the petitioner’s rights guaranteed

    under Articles 14, 19(1)(g) and 21 of the Constitution of India.

    6. The petitioner submits that the impugned action of the respondent

    authorities in continuing the blanket debit freeze on its business bank

    accounts has deprived it of access to its legitimate business funds and has

    severely disrupted its day-to-day commercial operations, including merchant

    settlements, payouts and discharge of contractual and financial obligations. It

    is contended that the continued restriction, imposed without following the due

    procedure prescribed under the Bharatiya Nagarik Suraksha Sanhita, 2023,

    and without disclosing any specific material establishing a nexus between the

    petitioner’s funds and the alleged offence, is arbitrary, unreasonable and

    disproportionate. According to the petitioner, the impugned action is violative

    of the petitioner’s fundamental rights guaranteed under Articles 14, 19(1)(g)

    and 21 of the Constitution of India and, therefore, deserves to be set aside.

    7. This Court, vide order dated 27.07.2026, directed the concerned

    Superintendent of Police to file his personal affidavit in the matter. In

    compliance with the said direction, the Superintendent of Police, District

    North Bastar Kanker (C.G.), has filed his personal affidavit on 29.07.2026,

    which reads as under:

    “2. That the petitioner has preferred the captioned writ
    petition praying for a direction to the respondent
    authorities and the banks 10 forthwith defreeze the
    petitioner’s bank accounts bearing Axis Bank Account
    6

    No. 924020044385739; Yes Bank Account No.
    000563200001083; and HDFC Bank Account No.
    50200099556554 and to restrain the respondent
    authorities and the concerned banks from any imposing
    blanket debit freeze/restriction on the petitioner’s bank
    accounts without disclosing the specific transaction,
    quantified amount, material relied upon order of the
    competent and authority/Court authorizing such
    freezing.

    3. That, the Government of India, Ministry of Home
    Affairs, has created a Cyber Crime Reporting Portal to
    prevent cyber crime in India in which, the victims of
    cyber crime report online by giving details of the cyber
    fraud committed with them and by filling the information
    of mobile numbers and bank accounts used in cyber
    fraud.

    4. That, the brief description of the case is that, the
    Ministry of Home Affairs, Government of India has
    established a Cyber Crime Reporting Portal to prevent
    cyber crime in India. Victims of cyber crime can report
    online by detailing their cyber fraud, including the mobile
    number and bank account used in the fraud. These are
    the bank accounts used by cyber crime offenders to
    launder fraud proceeds.

    5. That on 25.04.2026, while the police party is on
    patrolling nearby the city along with the staff for crime
    investigation, information was received from an informer
    that at Pappu Dhaba, Aaturgaon, that some people were
    earning money by sitting on the roadside in Aaturgaon
    Nakapara, playing online betting through mobile phones
    and making illegal transactions by providing IDs. While
    reaching the site the police party summoned notice to
    Naveen Hiradhar and Mohd Iqbal who were present
    near Pappu Dhaba, Kanker to verify the information.
    After summoning Iqbal Khan and serving him notice
    7

    under section 179 BNSS and informing him about the
    information given by the informant, on reaching the
    place mentioned by the informant, Aaturgaon Nakapara,
    some people were seen in suspicious condition on the
    side of the main road, whom they were surrounded and
    after conducting a raid, the accused persons namely 1.
    Oshin Baghmare S/o. Praveen Baghmare age 25 years;

    2. Aman Kumar Rai S/o. Ajay Rai; 3. M Sandeep Kumar
    S/o. late M Shankar; 4. Saurabh Singh S/o. Ajay Singh
    were found who were making people play online
    gambling and betting by providing facility to make ID to
    people on MJ BOOK and MDVH BOOK sites
    batbhai9.com, cricbet9.com swiftbetz.com. They were
    served notice under section 94 of the BNSS on the spot
    to produce valid documents/license regarding online
    betting through mobile. They told in writing that they do
    not have any valid documents in this regard. Redmi
    Note 13 5C mobile with mobile no. 7070739292 and
    Redmi Note 9 Pro Max mobile without SIM and one
    more One Plus mobile were recovered from the
    possession of accused Oshin Badhamre. Poco M7
    mobile with mobile no. 8839595874 and Oppo mobile
    without SIM and cash amount of Rs. 4000/-, Motorola G
    06 mobile with mobile no. 6263637716 and 02 other
    mobiles were recovered from the possession of accused
    M. Sandeep Kumar and an iPhone 13 mobile with
    mobile no. 6232714602 and iPhone 15 Pro broken
    mobile with mobile no. 9304866892 were recovered
    from the possession of accusedSaurabh Singh, total
    value of all the mobiles was Rs. 1,15,000/- in the
    presence of witnesses Naveen Hirachar and Mohd. As
    per the evidence given by Iqbal, the seizure memo was
    prepared and the articles used in the crime were seized
    and taken into police custody. The accused Oshin
    Baghmare, Aman Kumar Rai, M Sandeep Kumar,
    Saurabh Singh were found to have committed the crime
    8

    FIR has been registered at Crime No. 146/2026 before
    Police Station Kanker District North Bastar Kanker (CG)
    for the offences punishable under Section 111(2)B,
    111(4) of BNS and section 7, 8 of the Chhattisgarh
    Gambling Prohibition Act, 2022 and section 66 D of the
    Information Technology Act, 2000 against the accused
    persons. They were duly informed about the reasons for
    their arrest on the spot and the arrest memo was issued
    to them on 26.04.2026 at 00:10 hrs, 00:20 hrs, 00:30 hrs
    and 00:40 hrs respectively and their families were
    informed about the arrest.

    6. The accused Aman Kumar Rai and Saurabh Singh
    were produced before the Magistrate on 26.04.2026 and
    from where they were sent to jail on judicial remand. On
    the basis of memorandum statement of other accused
    Osin Baghmare and M. Sandeep Kumar, after detailed
    interrogation of absconding accused Kshitij Hirwani and
    Vinay Yadav and other accused involved in the case, it
    was found that they were working in an organized
    manner for online betting. On observation of the seized
    mobile phones, the bank accounts used for illegal
    transactiofis of online betting have been put on hold.

    7. On 10.04.2026, on the mobile observation of
    Chhatrapal alias Kshitij Hirwani, the main accused Vinay
    Yadav and the accused involved in online betting
    deposited Rs. 50,000/- and Rs. 50,000/- on 11.04.2026
    in Axis Bank account number 924020044385739 of
    Wykit Software Solutions Private Limited, total of Rs.
    1,00,000/- in cash. On receiving the statement number
    924020044385739 in further investigation, it was found
    that the said bank account was continuously deposited
    at different places. On perusal of the bank statement, it
    was found that cash was deposited and lakhs of rupees
    were withdrawn. The arrested accused in the case had
    stated that the online betting amount was deposited and
    9

    withdrawn simultaneously from different places on a
    daily basis. Rupees were transacted from Axis Bank
    account no. 924020044385739. Suspicious amount trail
    was found in Yes Bank Account No. 000563200001083,
    HDFC Bank Account No. 5020099556554 and Account
    No. 99999893548911. In the course of investigation, a
    notice under Section 94 BNSS was sent to Wykit
    Software Solutions Private Limited on 14.05.2026 to
    present its side, but due to non-receipt of factual reply
    regarding the transactions in the concerned bank
    accounts, the Axis Bank account number
    924020044385739 000563200001083, HDFC Bank
    account number 5020099556554 debit of Wykit
    Software Solutions Private Limited has been frozen. The
    bank accounts are lien/frozen after the company
    provides factual information regarding suspicious
    transactions in the bank accounts. It is respectfully
    submitted that in the present case investigation is going
    on in respect to the absconding accusing persons
    namely Vinay Yadav and Kshitij alias Kshatrapal Hirwani
    and others in the case. The necessary report regarding
    the involvement of petitioner Wykit Software Solutions
    Private Limited in the case is also prima facie made out.

    8. That, during the investigation conducted so far, it has
    been revealed that the accused persons in connivance
    with the other co-accused persons had committed the
    crime of online betting and have done various
    transactions in the accounts maintained by the petitioner
    and by such fraudulent means and the aforesaid amount
    has been dishonestly transacted and credited by the
    accused persons. It is further revealed that, the accused
    persons are the instrumental in the use of the aforesaid
    bank account number and thereby deceived innocent
    persons/people to part with their money, which was
    subsequently misappropriated.

    10

    9. That, during the course of investigation, it was
    revealed that, the accused persons are the member of
    an organized crime of online betting and gambling and
    had used the accounts of the petitioner for the money
    collected during the online betting and gambling and the
    accused persons formed a criminal syndicate and
    operated within the framework of this criminal
    organization, which demonstrates their criminal
    tendencies, their connections to organized gangs and
    their tendency to commit crimes repeatedly.

    10. It is most humbly submitted that in the present case,
    the bank account of the petitioner, namely Wykit
    Solution, was directly found to be circulated within the
    WhatsApp groups operated by the accused persons.
    Clear and explicit instructions were disseminated in the
    said groups directing the depositors to remit the money
    received from illegal online gambling directly into this
    specific account. Thus, it is firmly established that the
    petitioner is a direct repository of the proceeds of crime
    and an active link in the illicit transactions.
    Consequently, the petitioner cannot claim the defense of
    being a bonafide third party, as might have been the
    position in older, distinguishable cases relied upon by
    them.

    11. It is pertinent to mention that a complete debit freeze
    of the subject account was an absolute necessity to
    prevent the immediate withdrawal and siphoning off of
    the funds. In the investigation of cases involving online
    gambling, it has been consistently observed that within
    minutes of a police raid or the apprehension of an
    accused, the funds are swiftly withdrawn or transferred
    out of the accounts. If the debit freeze had not been
    strictly imposed, the entire proceeds of crime would
    have been dissipated, leaving no assets available for
    subsequent attachment or forfeiture under Section 107
    11

    of the relevant statute. Therefore, the immediate
    preventive action was legally justified to preserve the
    corpus of the illegal earnings.

    12. It is further submitted before this Hon’ble High Court
    that the syndicates orchestrating such illegal online
    gambling networks function through highly sophisticated
    and clandestine methods. These bank accounts are
    typically operated from remote and undisclosed
    locations, and the ill-gotten money is rapidly transferred
    through multiple layers of accounts to obscure the
    money trail and evade law enforcement. Permitting the
    unrestricted operation of the petitioner’s account at this
    crucial juncture would have irreversibly frustrated the
    ongoing investigation and allowed the perpetrators to
    successfully launder the illicit wealth.

    13. It is respectfully submitted that the investigating
    agency is actively and rigorously investigating the entire
    money trail to unearth the broader network. However, to
    ensure fairness and uphold the principles of natural
    justice, the State is willing to modify the complete freeze
    to a lien mark limited strictly to the disputed amount.
    This is entirely contingent upon the petitioner company
    providing its complete, authenticated balance sheets
    and financial records to the investigating officer. This is
    required to clearly differentiate and segregate the illicit
    gambling proceeds from the alleged legitimate business
    earnings of the company. Until such financial
    transparency is provided by the petitioner, the current
    restriction on the account is lawful, proportionate, and
    necessary in the interest of justice.”

    8. In the case of Neelkanth Pharma Logistics Pvt. Ltd. v. Union of

    India, reported in 2025 SCC OnLine Del 1055, it was held as follows:

    “12. Here, instead of directing preservation of disputed
    amount, which was mere Rs. 200/-, the bank was
    12

    directed to freeze the entire account. Such action of
    freezing the account, in its entirety, has, reportedly, left
    the petitioner high and dry. It has led to significant
    adverse financial consequences, including dishonouring
    of several cheques issued by the petitioner and the
    complete disruption of its business operations.

    13. While dealing with a petition involving a similar issue
    which happened with a street-vendor, this Court had
    made following observation in Pawan Kumar Rai v.
    Union of India
    , 2024 SCC OnLine Del 8936:

    25, Indubitably, passing of an order of freezing the
    entire bank account of the petitioner has a serious
    and adverse implication and invades and
    encroaches upon his invaluable right to earn and
    live with dignity. The impugned action, in essence,
    amounts to a violation of fundamental right of the
    petitioner, as it directly undermines his right to
    livelihood, which is integral part of the Right to Life
    guaranteed under Article 21 of the Constitution.
    26,. Furthermore, when the Investigating Agency
    has identified a specific sum credited to the bank
    account of the petitioner, it is difficult to
    comprehend as to why the entire bank account of
    petitioner has been freezed.

    27. Thus, the continued freezing of the entire bank
    account of the petitioner, without even hinting that
    the petitioner was either mastermind or accomplice
    in the cybercrime or knowingly received the funds
    as part of any illegal activity will not be justifiable
    and sustainable, at the moment.”

    14. Investigating Agency is fully empowered to conduct
    investigation, and can also, under appropriate
    circumstances, send request to the concerned bank,
    directing freezing of the entire account.

    15. However, when it resorts to above, it must assign
    reasons.

    13

    16.Such discretion vests with investigating agency, its
    better left to them to decide as to when such blanket
    freezing needs to be ordered. However, once it chooses
    to do so, it must offer some justification. Such blanket
    measure, if taken recourse to, without offering any
    reason, can certainly play havoc with the financial
    concerns of such account holders. In relation to small-
    time vendors, it can disrupt prospects of their mere
    existence, even. It is not difficult to imagine that any
    such action can put their lives in a complete disarray.

    17. Therefore, possibility of marking a lien on disputed
    amount, whenever it is identifiable, should be explored
    as a more appropriate interim measure. Ideally, it should
    be the first and foremost option. This would, naturally,
    mitigate the undue hardship being caused on account of
    blanket freezing of account and would also ensure that
    the alleged cheated money remains secured and intact.

    18. It is pertinent to highlight that while dealing with a
    batch of petitions involving a similar issue, Kerala High
    Court in Dr. Sajir v. Reserve Bank of India, 2023 SCC
    OnLine Ker 9087 also made observation which reads as
    under:–

    “11. In the afore perspective, when the
    requisitions in these cases-by various Police
    Authorities in several States of India mention the
    exact amount suspected to have been credited to
    the accounts of the petitioners herein, one fails to
    fathom why their bank accounts in full, should
    remain frozen. This is more so because, even
    when the sums in question may have found credit
    in the accounts of the petitioners, unless the
    investigation eventually reveals that they were
    complicit in the Cyber Crime, or had received the
    same being aware of it, they could never be
    construed to be accused.”

    12. In fact, should the criminal enquiry found
    14

    otherwise, it will be doubtful if the amounts in
    question could be even recovered from the
    petitioners, if they have received it as part of
    bonafide or other valid transactions, unaware of it
    being proceeds of crime.”

    9. Learned Government Advocate appearing for respondent/State,

    submitted that this Court, in Vikram Singh Rana v. Union Of India & Others

    (WPCR No. 366 of 2026), decided on 27.07.2026, has already considered

    an identical issue relating to freezing of bank accounts during investigation

    and held as follows:

    “14. Having considered the rival submissions and upon
    perusal of the material available on record, this Court
    finds that only an amount of ₹33,000/-, credited to the
    petitioner’s account on 09.01.2026, has been identified
    as the suspected amount. The petitioner’s salary is
    regularly credited into the said account, which is also
    linked to repayment of his housing loan. In such
    circumstances, freezing the operation of the entire bank
    account would result in undue hardship to the petitioner
    and would be disproportionate to the object sought to be
    achieved. Accordingly, while the lien over the disputed
    amount of ₹33,000/- shall continue in accordance with
    law, the petitioner shall be permitted to operate the bank
    account for all other legitimate transactions, subject to
    his extending full cooperation to the investigating
    agency as and when required.”

    10. Having heard learned counsel for the parties and upon perusal of the

    pleadings as well as the personal affidavit filed by the Superintendent of

    Police, District North Bastar Kanker, this Court finds that the investigation in

    Crime No.146/2026 is still in progress. The affidavit discloses that the

    investigating agency has traced certain suspicious transactions allegedly

    connected with the offence and has prima facie found that an amount of
    15

    Rs.1,00,000/- was deposited in the petitioner’s Axis Bank account on

    10.04.2026 and 11.04.2026. The affidavit further states that the money trail is

    under investigation and that the investigating agency is willing to modify the

    complete debit freeze to a lien limited to the disputed amount, subject to the

    petitioner furnishing the requisite financial records.

    11. It is well settled that although the investigating agency possesses the

    authority to freeze a bank account during the course of investigation, such

    power must be exercised in a fair, reasonable and proportionate manner.

    Where the alleged tainted amount is identifiable, continuation of a blanket

    debit freeze over the entire account, particularly where the account is used

    for carrying on legitimate business activities, may result in undue hardship

    and serious prejudice. The decisions relied upon by the petitioner, including

    Neelkanth Pharma Logistics Pvt. Ltd. v. Union of India (2025 SCC OnLine

    Del 1055), as well as the decision of this Court in Vikram Singh Rana v.

    Union of India & Others (WPCR No.366 of 2026, decided on 27.07.2026),

    reiterate that, ordinarily, the interests of investigation can be adequately

    protected by maintaining a lien over the disputed amount instead of freezing

    the entire account.

    12. In the facts of the present case, this Court is of the considered opinion

    that the ends of justice would be adequately served by protecting the amount

    alleged to be connected with the investigation while permitting the petitioner

    to carry on its legitimate business operations. Accordingly, without expressing

    any opinion on the merits of the allegations under investigation, the

    respondent Banks are directed to permit operation of the petitioner’s bank

    accounts, namely, Axis Bank Account No. 924020044385739, Yes Bank

    Account No. 000563200001083 and HDFC Bank Account No.
    16

    50200099556554, subject to maintaining a lien over the disputed amount of

    Rs.1,00,000/-, in accordance with law. The petitioner shall extend full

    cooperation to the investigating agency, furnish such documents and

    information as may be lawfully required during the course of investigation,

    and shall appear before the Investigating Officer whenever called upon to do

    so.

    13. With the aforesaid observations and directions, the writ petition stands

    disposed of. No order as to costs.

                          Sd/-                                     Sd/-
    
               (Ravindra Kumar Agrawal)                       (Ramesh Sinha)
                         Judge                                 Chief Justice
    
    
    Alok
     



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