- 1 - HC-KAR NC: 2026:KHC:6006 WP No. 18100/2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 31ST DAY OF JANUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE B M SHYAM PRASAD WRIT PETITION NO.18100/2025 (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 JANA SMALL FINANCE BANK A BANKING COMPANY, CARRYING ON THE BANKING BUSINESS UNDER THE BANKING REGULATION ACT, 1949. INCORPORATED UNDER THE COMPANIES ACT, 1956. Digitally signed by RAKESH S HARIHAR Location: High Court of Karnataka, Dharwad Bench - 2 - HC-KAR NC: 2026:KHC:6006 WP No. 18100/2025 REP. BY ITS BRANCH MANAGER GR FLOOR, SITE 287B, 12TH CROSS ROAD IDEAL HOME TOWNSHIP KENCHNAHALLI, KENGERI HOBLI RAJARAJESWARI NAGAR IFSC CODE : JSFB0004958 BANGALORE , KARNATAKA - 560 098 2 THE RBL BANK A BANKING COMPANY CARRYING ON THE BANKING BUSINESS, UNDER THE BANKING REGULATION ACT, 1949 INCORPORATED UNDER THE COMPANIES ACT, 1956 REP. BY ITS BRANCH MANAGER G-13, G-14, G-15 AND G-17, PRESTIGE TOWERS, 99 & 100 RESIDENCY ROAD IFSC CODE:RATN0000156 BANGALORE , KARNATAKA - 560 025 3. THE STATE BANK OF INDIA A BANKING COMPANY CARRYING ON THE BANKING BUSINESS UNDER THE BANKING REGULATION ACT, 1949 INCORPORATED UNDER THE COMPANIES ACT, 1956 REP. BY ITS BRANCH MANAGER NO.425, GOKHALE ROAD, NAUPADA IFSC CODE: YESB0000946 - 3 - HC-KAR NC: 2026:KHC:6006 WP No. 18100/2025 THANE, MAHARASHTRA - 400 602 …RESPONDENTS (BY SRI.D.NARAYANASWAMY, ADVOCATE FOR R1; SRI.ASWIN PRABHU, S D, ADVOCATE FOR R2; SRI.VIGNESH S SHETTY, ADVOCATE FOR R.3) THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECT THE RESPONDENTS NO.1 2 AND 3 TO, WHILE COMPLYING THE LAW ENFORCEMENT AGENCIES/ POLICE OFFICIALS 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 THREE BANK ACCOUNTS I.E., JANA SMALL FINANCE BANK AC NO. 9804099008000111, IFSC - JSFB0004958, RBL BANK AC NO.409002248142, IFSC- RATN0000156, AND STATE BANK OF INDIA A/C NO.43385847028, IFSC- SBIN0005354, MARK A LIEN ONLY TO THE EXTENT OF DISPUTED AMOUNT WHICH EXACTLY RECEIVED BY PETITIONER ABOVE THREE BANK ACCOUNTS FROM MONEY TRAIL THROUGH UTR NUMBERS/ TRANSACTION IDS. ANNEXURE - A TO N. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 4 - HC-KAR NC: 2026:KHC:6006 WP No. 18100/2025 CORAM: HON'BLE MR. JUSTICE B M SHYAM PRASAD ORAL ORDER The petitioner is aggrieved by the respondents' decision to freeze its accounts. The respondents admittedly have frozen the petitioner's account because of certain communications addressed by the Legal Enforcement Authority. Sri Nandeesh, the learned counsel for the petitioner, submits that this Court has disposed of the petition in W.P.No.18108/2025 [GM-RES], directing the respective Banks to inform the concerned petitioner about the amount marked for lien and to permit operating the account beyond the amount marked for lien, and that if similar direction is issued, the petitioner's grievance would be redressed. Sri Aswin Prabhu, the learned counsel for the second respondent, is heard. This Court is persuaded to opine that, because it cannot be disputed that the Banks must restrict the use of the accounts only to - 5 - HC-KAR NC: 2026:KHC:6006 WP No. 18100/2025 the extent lien is marked, there must be a direction. Sri Aswin Prabhu submits that this Court may take on record his submission that the respondent has informed the petitioner about the amount marked for lien and that account is not entirely frozen. Hence, the following: ORDER [A] The petition is allowed directing the respondents to communicate to the petitioner the amount that is marked for lien by the concerned Legal Enforcement Authority and to permit the petitioner to operate the account beyond the amount marked for lien. [B] The petitioner is reserved with liberty to file a copy of this order within two [2] weeks from the date of receipt of certified copy of this order with the corresponding respondents, and they shall, within the next two [2] weeks, inform the petitioner about the amount demarcated and - 6 - HC-KAR NC: 2026:KHC:6006 WP No. 18100/2025 the permission to operate the account subject to this lien. Sd/- (B M SHYAM PRASAD) JUDGE SA List No.: 1 Sl No.: 10