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2025 DAILYLAW 32326 (KAR)

MONEYGATE TECHNOLOGY PRIVATE LIMITED v. THE STATE OF GUJARAT

WP/23802/2024 · 2025-03-24

M Nagaprasanna

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - NC: 2025:KHC:12404 WP No. 23802 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 24TH DAY OF MARCH, 2025 BEFORE THE HON'BLE MR JUSTICE M.NAGAPRASANNA WRIT PETITION NO. 23802 OF 2024 (GM-RES) BETWEEN: MONEYGATE TECHNOLOGY PRIVATE LIMITED, 8TH FLOOR, THE ESTATE BUILDING, SIVAN CHETTY GARDENS, DICKENSON ROAD, INCORPORATED UNDER THE COMPANIES ACT -2013, BANGALORE, KARNATAKA - 560 042. REPRESENTED BY ITS DIRECTOR, Mr. MANOJ DEWANGAN, AGED ABOUT 42 YEARS, S/O DEENDAYAL DEWANGAN, R/AT NO. 35, FLOWER GARDEN, 8TH CROSS, MYSORE ROAD BANGALORE, KARNATAKA - 560 018. …PETITIONER (BY SRI. NANDEESH, ADVOCATE) AND: 1. THE STATE OF GUJARAT REPRESENTED BY SHRI. S.R. MAKRANI, ASSISTANT SUB INSPECTOR AND -INVESTIGATION OFFICER, VASNA POLICE STATION, NEAR G.B.SHAH COLLEGE, AHMEDABAD CITY, GUJARAT, INDIA - 380 007. TELEPHONE No. 079-26600471, Digitally signed by NAGAVENI Location: High Court of Karnataka - 2 - NC: 2025:KHC:12404 WP No. 23802 of 2024 EMAIL: POLSTN-VASNA-AHD@GUJARAT.GOV.IN 2. THE STATE OF GUJARAT REPRESENTED BY SHRI. D.R. BATHAWAR ASSISTANT SUB INSPECTOR And -INVESTIGATION OFFICER, DINDOLI POLICE STATION, SANIYA KANDE ROAD, DINDOLI, SURAT CITY, GUJARAT, INDIA - 394 210 PHONE NO. 6359628258. EMAIL: POLSTN-DINDOLISUR@GUJARAT.GOV.IN 3. THE YES BANK LTD., A BANKING COMPANY, CARRYING ON THE BANKING BUSINESS UNDER THE BANKING REGULATION ACT, 1949. INCORPORATED UNDER THE COMPANIES ACT, 1956. REPRESENTED BY BRANCH MANAGER GROUND FLOOR, NO. 58, COLES ROAD, FRAZER TOWN, IFSC CODE: YESB0000946. BANGALORE, KARNATAKA, INDIA - 560 051. …RESPONDENTS THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECT THE R-2 TO WHILE COMPLYING THE POLICE OFFICIAL NOTICE U/S 102 OF CODE OF CRIMINAL PROCEDURE CODE 1973 AND U/S 106 OF BHARATIYA NAGARIK SURAKSHA SANHITA 2023 INSTEAD OF DEBIT FREEZING OR FREEZING THE ENTIRE OPERATION OF PETITIONER TWO YES BANK CURRENT ACCOUNTS i.e., 1. 094663700000305 AND 2. 094663700000315 LIEN MARK ONLY TO THE EXTENT OF DISPUTED AMOUNT WHICH RECEIVED BY PETITIONER ABOVE TWO YES BANK CURRENT ACCOUNTS FROM MONEY TRAIL AND ETC., THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - NC: 2025:KHC:12404 WP No. 23802 of 2024 CORAM: HON'BLE MR JUSTICE M.NAGAPRASANNA ORAL ORDER Learned counsel appearing for the petitioner submits that he has served the respondents by way of hand summons and further submits that pursuant to the interim order granted, the grievance of the petitioner has been redressed by defreezing the account. In the light of the said defreezement of the account on the interim order so granted, the learned counsel for the petitioner seeks leave of this Court to withdraw the petition. Accordingly, the petition is thus disposed as withdrawn. Sd/- (M.NAGAPRASANNA) JUDGE JY List No.: 1 Sl No.: 77 CT: BHK