Prem 04 September 2023
anubhav Bhatt 05 September 2023
N.K.Assumi (Advocate) 05 September 2023
Bank can freeze or suspend any account under standard of good banking practices. In case of suspected account holders indulging in any ilegal activities, money laundering, and fraud on other creditors etc, are few of the instances in suspending accounts, and in such cases natural justice of hearing the account holder does not arise, as it will amount to undue opprtinity to withdraw money, leaving the creditor high and dry.