MUKESH KUMAR BANSAL vs CENTRAL BANK OF INDIA & ANR.

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 05.12.2024 Judgment delivered on: 07.01.2025 W.P.(C) 4138/2021 & CM APPL. 12582/2021 & CM APPL. 4469/2024 MUKESH KUMAR BANSAL .....Petitioner versus CENTRAL BANK OF INDIA & ANR. .....Respondents Memo of Appearance For the Petitioner: Mr. Rakesh Khanna, Sr. Advocate with Mr. Abdhesh Chaudhary, Ms. Geetanjali Setia, Mr. Vinayak Mishra and Mr. Sunil Kumar, Advocates. For the Respondent: Mr. Anuj Jain with Mr. Mritunjai Singh, Advocates for Central Bank of India. CORAM: HON'BLE MR. JUSTICE MANOJ JAIN JUDGMENT MANOJ JAIN, J 1. This petition poses question whether it is permissible for any bank to „put on hold‟ bank account of one entity to secure its dues to be recovered from another entity. 2. The broad facts are not in dispute. 3. Petitioner and his wife Mrs. Jyoti Bansal (respondent No. 2 herein) are partners in a partnership firm - M/s Imperial Finance Company. Such partnership firm maintains current account no. 3688550290 in one of the branches of the respondent no.1-Bank. Such branch is at Saraswati Bal Mandir, Uttam Nagar Branch, Rajouri Garden, Delhi. 4. Notably, Mrs. Jyoti Bansal, the other partner of the above s