$~372 * IN THE HIGH COURT OF DELHI AT NEW DELHI # CNR No. DLHC010472672026 + W.P.(C) 14518/2026 & CM APPL. 67992/2026 AGF FINLEASE (INDIA) LTD. .....Petitioner Through: Ms Vaishali Chattlani , Mr Anant Rana , Mr Satwik, Advs. versus ICICI BANK AND ORS .....Respondent Through: Mr Ateev Mathur , Mr Anmol Mehta, Advs. for R-1/ ICICI Bank CORAM: HON'BLE MR. JUSTICE JASMEET SINGH O R D E R % 30.09.2026 1. This is a writ petition filed under Article 226 of the Constitution of India seeking the following prayers:- “a) Issue a direction in the nature of Mandamus, commanding the respondent no. 1 to unfreeze/restore the operations of the petitioner’s ICICI Bank Account A/C No. 103705001267, IFSC Code ICIC0001037 Vasant Kunj B-7 Branch, New Delhi. The other respondents are impleaded only as pro forma Respondents and no substantive relief is sought against them. b) Issue a direction directing the Respondent No 1 to This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 07/10/2026 at 15:37:19 consider and process the Petitioner’s request under the SOP for NCRP-CFCFRMS relating to Custody, Restoration of Money and Grievance Redressal in Banks, and to take appropriate steps for release/unfreezing of the lien amount of ₹3,90,256/- in accordance with the procedure prescribed therein. c) That this Hon’ble Court may graciously be pleased to declare the freezing of the Petitioner’s aforesaid bank account by the Respondents as arbitrary, unreasonable, illegal and without authority of law, being in gross violation of the Petitioner’s fundamental and constitutional rights guaranteed under Articles 14, 19(1)(g) and 300A of the Constitution of India, and consequently quash the said action and direct the Respondents to immediately defreeze the said bank account and permit the Petitioner to operate the same without any restriction;…” 2. For the reasons stated in the petition, issue notice. 3. Mr. Mathur, learned counsel, accepts notice on behalf of respondent No. 1/ ICICI Bank. 4. There is nobody present on behalf of respondent No. 2 and 3 today. 5. The brief facts of the case are that the petitioner maintains a bank account bearing No. 103705001267 with the respondent bank. 6. The bank account of the petitioner was freezed on the basis of a mail/ direction from Bengaluru City Cyber Crime Police Station directing to put a lien on Rs. 3.9 lakhs on the bank account of the petitioner. 7. For the said disputed amount of Rs. 3.9 lakhs, the entire bank account This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 07/10/2026 at 15:37:19 of the petitioner has been freezed. 8. I am of the view that the impugned action of account freezing in the present case is not only in clear violation of the principles of natural justice but also disproportionate and an arbitrary exercise of power thereby striking a blow at the rights of the petitioner. The impugned action is without due application of mind as an indiscriminate blanket freeze has been imposed on the accounts of the petitioner for an allegedly suspicious entry of a disputed amount. Therefore, the action deserves to be set aside. 9. Accordingly, except for a lien on the disputed amount of Rs. 3.9 lakhs, the petitioner shall be permitted to operate its bank account bearing No. 103705001267. 10. Additionally, the petitioner is at liberty to take appropriate action for defreezing of the disputed amount of Rs. 3.9 lakhs in terms of the Standard Operating Procedure. 11. In this view of the matter, Ms. Vaishali, learned counsel for the petitioner, does not press the petition and the same is disposed of. JASMEET SINGH, J SEPTEMBER 30, 2026/sp This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 07/10/2026 at 15:37:19