NEELKANTH PHARMA LOGISTICS PVT. LTD. vs UNION OF INDIA & ANR.

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 20th February, 2025 W.P.(C) 17905/2024 & CM APPL. 2640/2025 NEELKANTH PHARMA LOGISTICS PVT. LTD. .....Petitioner Through: Mr. Preetam Singh, Advocate. versus UNION OF INDIA & ANR. .....Respondent Through: Mr. Premtosh K. Mishra, CGSC for UOI with Mr. Manish Vashist, Ms. Ms. Sanya Kalsi, Advocates and Gokul Sharma, G.P. Ms. Ritika Sisodiya, Advocate for respondent No.2/HDFC. Mr. Ramesh Babu with Ms. Tanya Choudhary and Mr. Rohan Srivastava, Advocates for RBI. CORAM: HON'BLE MR. JUSTICE MANOJ JAIN J U D G M E N T (oral) 1. Petitioner Company is aggrieved by the manner in which its account has been frozen by respondent No.2 Bank (HDFC Bank). 2. The Bank seems to have acted upon communication dated 29.11.2024 which it received from Vartaknagar Police Station, Thane, Maharashtra whereby they were, inter alia, asked to debit- freeze said account of petitioner. 3. Notice was issued to respondents. State of Maharashtra was also impleaded as party and was asked to submit report. 4. However, subsequent to filing of the present writ petition, there is a significant development in the matter. 5. As admitted by both the sides, in terms o