business โ๏ธ Rajasthan HC stops random bank account freezes ๐ฆ
The Rajasthan High Court established new guidelines to stop agencies from freezing entire bank accounts during cybercrime probes. This ruling came in the case of Balaji Enterprises v. RBI, concerning procedures in Rajasthan. The court mandated placing a lien or hold on only the disputed amount. This allows account holders to continue using their remaining balance normally. These rules aim to prevent indiscriminate freezing practices in investigations moving forward.