[vestalorg]

Freezing of bank account with counsel's advice only; not by any court. In India, Karnataka state, as a business agreement, I had deposited Rs. 10 lakhs in a bank as FIXED DEPOSIT in joint names i.e. my name and my partner's name with ANYONE CAN withdraw the amount and the receipt is with me. As my partner is not acting as per our mutual agreement in the business, I had submitted the F.D receipt to the bank to cancel the same and the amount was credited to my s.b account which is in the same branch. By knowing that the F.D is cancelled, my partner approached a civil court with a contest that the F.D shall not be cancelled without his consent and the bank is also included as defendant alonwith me. A notice was received from the Advocate of my partner to me and bank intimating the case number and the court name. No intimation from the court. My Advocate had approached the court and filed the affidavit etc. anf pending in the court. On receipt of notice from thr Advocateof my partner, the bank frozed my s.b account in which still 7.5 lakhs balance. When I approached the bank, they said that they has frozed the account as per the advice of their counsel.

As the case is pending in the court, how can I de-freeze my account. Can I claim interest on the amount at this time. If yes, the percentage at which rate i.e. s.b or F.D