- 1 - HC-KAR NC: 2025:KHC:20012 CRL.P No. 4897 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 11TH DAY OF JUNE, 2025 BEFORE THE HON'BLE MR JUSTICE S.R.KRISHNA KUMAR CRIMINAL PETITION NO.4897 OF 2025 (482(Cr.PC) / 528(BNSS)) BETWEEN: AXIS BANK LTD., A BANKING COMPANY, CARRYING ON THE BANKING BUSINESS UNDER THE BANKING REGULATION ACT, 1949, INCORPORATED UNDER THE COMPANIES ACT, 1956 AND HAVING ITS REGISTERED OFFICE AT ‘TRISHUL’, 3RD FLOOR, OPP: SAMARTHESHWAR TEMPLE, LAW GARDEN, ELLIS BRIGDE, AHMEDABAD - 380 006. GUJARAT. AND HAVING ONE OF ITS BRANCH OFFICE AT MARIE VILLA, STATION ROAD, NEAR CROSS GARDEN, BHAYANDER (WEST), DISTRICT THANE, MAHARASTRA - 401 101. REPRESENTED BY ITS BRANCH HEAD MR. RAJESH RAMDHANI CHAUHAN AGED ABOUT 46 YEARS, ALSO AT: C/O 404 DEVPARADISE, KANAKIA ROAD, NEAR POLICE STATION, BEVERTY PARK, MIRAROAD EAST, MIRA BHAYANDER, THANE MAHARASHTRA-401 107. …PETITIONER (BY SRI UNNIKRISHNAN M., ADVOCATE) Digitally signed by MAHALAKSHMI B M Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:20012 CRL.P No. 4897 of 2025 AND: 1. THE STATE OF KARNATAKA BY CEN CRIME POLICE STATION, DCP EAST DIVISION, BANGALORE. REPRESENTED BY SPP HON’BLE HIGH COURT OF KARNATAKA, BANGALORE-01. 2. SRI K. RAMACHANDRAN S/O. LATE S. KRISHNA AYYAR, AGED ABOUT 80 YEARS, RESIDING AT NO.304, ASHOKA RESIDENCY, SUDDAGUNTAPALYA, C.V. RAMAN NAGAR, BENGALURU - 560093. …RESPONDENTS (BY SMT. SOWMYA R., HCGP FOR R-1; R-2 SERVED AND UNREPRESENTED) THIS CRIMINAL PETITION IS FILED UNDER SECTION 482 CR.PC (FILED U/S 528 BNSS) PRAYING TO SET ASIDE THE ORDER DATED 13.11.2024 PASSED BY THE 45TH ADDL. CHIEF JUDICIAL MAGISTRATE, BENGALURU IN CRIME NO.732/2024 i.e., ANNEXURE- C IN TERMS OF WHICH, THE PETITIONER IS DIRECTED TO DEFREEZE THE CURRENT ACCOUNT BEARING A/C. NO.923020047520091 MAINTAINED IN THE PETITIONER’S BANK AND TRANSFER THE SAME TO THE ACCOUNT OF THE RESPONDENT NO.2. THIS PETITION COMING ON FOR ADMISSION, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR JUSTICE S.R.KRISHNA KUMAR - 3 - HC-KAR NC: 2025:KHC:20012 CRL.P No. 4897 of 2025 ORAL ORDER In this petition, the petitioner seeks the following reliefs: "To set-aside the Order, Dated: 13.11.2024 passed by the 45th Addl. Chief Judicial Magistrate, Bengaluru in Crime No.732/2024 i.e., ANNEXURE-'C' in terms of which, the Petitioner is directed to defreeze the current account bearing A/c. No.923020047520091 maintained in the Petitioner’s Bank and transfer the same to the account of the Respondent No.2." 2. Heard learned counsel for the petitioner and learned HCGP for respondent No.1 and perused the material on record. 3. In addition to reiterating the various contentions urged in the memorandum of petition and referring to the material on record, learned counsel for the petitioner submits that the issue in controversy involved in the present petition is directly and squarely covered by the judgment of the Co-ordinate Bench of this Court in the case of Axis Bank Ltd., Vs. The State of Karnataka and Anr. – Crl.P.No.1787/2023 dated 14.12.2023, and the present petition may be disposed of in the above terms. 4. As rightly contended by the learned counsel for the petitioner, the issue in controversy in the present petition is covered - 4 - HC-KAR NC: 2025:KHC:20012 CRL.P No. 4897 of 2025 by the judgment of this Court in the case of Axis Bank Ltd. supra, wherein it is held as under: “The Petitioner which is a Financial Institution is before this Court challenging the order passed by 1st Additional Chief Metropolitan Magistrate on an application filed under Sections 451 and 457 of Cr.P.C. by the complainant/respondent No.2 directing the petitioner-Bank to defreeze the amount belonging to the accused and transfer the said amount to the bank account of the complainants/respondent No.2. 2. The petitioner’s concern is that the order passed by the Jurisdictional Magistrate cannot be executed because it surpasses the specified release amount, and numerous courts across the Country have issued directives to the investigating agencies to unfreeze the bank accounts of the accused therein. 3. Learned Special Public Prosecutor on instructions would suggest that the matter may be remanded to the Jurisdictional Courts to consider the application filed under Sections 451 and 457 of Cr.P.C. afresh, by affording an opportunity of hearing to the petitioner. 4. Admittedly, multiple cases are registered against the accused herein within the State and across the country and there are multiple orders - 5 - HC-KAR NC: 2025:KHC:20012 CRL.P No. 4897 of 2025 passed by the Jurisdictional Magistrates directing the petitioner to unfreeze the account of the accused and transfer the amount to the bank account of the complainants. The passing of multiple orders has caused difficulty to the petitioner/bank in executing the said order, since the amount ordered to be released in some accounts exceeds the amount available in the subject accounts of the accused. Therefore, the learned Magistrate before passing an order directing the petitioner to unfreeze and transfer the amount to the accounts of the complainants, is required to hear the petitioner. Accordingly, I pass the following: ORDER i. Criminal Petition is allowed. ii. The order dated 26.11.2021 passed by the 1st Additional Chief Metropolitan Magistrate, Bengaluru in Cr.No.452/2021 is hereby set aside. iii. Matter is remanded to 1st Additional Chief Metropolitan Magistrate, Bengaluru to reconsider the application filed under Sections 451 and 457 of Cr.P.C. afresh, after giving the opportunity of hearing to the petitioner. 5. Till the application is disposed of, the petitioner/bank is restrained from releasing the money in favour of any person from the subject - 6 - HC-KAR NC: 2025:KHC:20012 CRL.P No. 4897 of 2025 account.” 5. In view of the above, the petition is disposed of in terms of the order passed in the case of Axis Bank Ltd. supra. 6. Accordingly, I pass the following: ORDER i. The petition is hereby allowed. ii. The order dated 13.11.2024 passed by the 45th Additional Chief Judicial Magistrate, Bengaluru in Crime No.732/2024, is hereby set aside. iii. Matter is remanded to 45th Additional Chief Judicial Magistrate, Bengaluru to reconsider the application filed under Sections 451 and 457 of Cr.P.C. afresh, after giving the opportunity of hearing to the petitioner. iv. Till the application is disposed of, the petitioner / bank is restrained from releasing the money in favour of any person from the subject account. - 7 - HC-KAR NC: 2025:KHC:20012 CRL.P No. 4897 of 2025 Subject to the aforesaid observations and directions, the petition stands disposed of. Sd/- (S.R.KRISHNA KUMAR) JUDGE MBM List No.: 1 Sl No.: 50