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Allahabad HC

Banks cannot act as probe agencies, freeze accounts arbitrarily: Allahabad HC
-May 2, 2026

Banks cannot act as probe agencies, freeze accounts arbitrarily: Allahabad HC

Banks cannot act as probe agencies, freeze accounts arbitrarily: Allahabad HC

The Allahabad High Court imposed a cost of Rs 50,000 on Indian Overseas Bank for freezing a customer's account without valid justification