Madras High Court criticizes freezing of V-Mart Retail's bank account
pre-market1 source ↓written by the desknot a recommendation
- a limit
- ₹75 crore
- deposit linked
- ₹4,194
The Madras High Court has reprimanded Chennai's cybercrime police for freezing V-Mart Retail's overdraft account, which has a limit of ₹75 crore, due to a ₹4,194 deposit linked to crime. The court emphasized that such actions shouldn't jeopardize legitimate businesses. This ruling may restore confidence among investors regarding operational stability.
Not investment advice. For informational purposes only.