🚨 Important Info for P2P Merchants Facing Account Freezes in India 🇮🇳

I wanted to share a recent personal experience that may help others who are dealing with frozen bank accounts due to cyber complaints or Layer 4 credits.

🔍 Court Ruling Highlights (Madras High Court – W.P. No. 25631 of 2024):
• Only the disputed amount can be legally frozen, not your entire bank account.
• Freezing the entire account is illegal.
• In my case, the court ordered ICICI Bank to hold just ₹175 and unfreeze the rest after 8 months of fighting!

❗Then my Federal Bank account got frozen for another small Layer 4 credit. Again, no notice, no explanation — full debit freeze.

📌 Steps I Took:
1. Asked the bank under which section the police sent the notice:
• Section 91 CrPC: Police can only ask for details, NOT freeze your account.
• Section 102 CrPC: Police can freeze, but must inform a magistrate within 2 months.

👉 In my case, police never informed the magistrate, so the freeze was technically illegal.

✅ Takeaway for Merchants:
If your account is frozen:
• Ask the bank under which section the freeze was issued.
• If it’s under Section 91 – it’s not valid for freezing.
• If it’s under Section 102 – ask for proof that a magistrate was informed.
• Consider filing a writ petition based on the Madras HC precedent.

Let’s help each other stay aware and empowered 💪
#P2P #BinanceIndia #CryptoIndia #LegalAwareness #MerchantSupport