WP/26644/2023 of THE BRANCH MANAGER/FOREMAN Vs The State of Andhra Pradesh, on 28 September 2026

Date of reserved for orders : -

Date of pronouncement : 29-09-2026

Date of uploading : 29-09-2026

APHC010514852023

IN THE HIGH COURT OF ANDHRA PRADESH

AT AMARAVATI

(Special Original Jurisdiction)

TUESDAY, THE 29th DAY OF SEPTEMBER 2026

PRESENT

THE HONOURABLE SMT JUSTICE SUNITHA GANDHAM

WRIT PETITION NO: 26644 OF 2023

Between:

1. THE

BRANCH

MANAGER/FOREMAN,

YALAMANCHILI

BABU

RAJENDRA PRASAD, S/O. APPARAO, AGED 62, VISAKHAPATNAM

BRANCH,

MARGADARSI

CHIT

FUNDS

PVT.

LTD.,

VISAKHAPATNAM, VISAKHAPATNAM DISTRICT.

2. MARGADARSI

CHIT

FUNDS

PVT.

LTD.,,

A

COMPANY

INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES

ACT,

1956,

REP.

BY

ITS

AUTHORIZED

SIGNATORY,

YALAMANCHILI BABU RAJENDRA PRASAD, S/O. APPARAO, AGED

62,

BRANCH

MANAGER,

BRANCH,

VISAKHAPATNAM, VISAKHAPATNAM DISTRICT.

...PETITIONER(S)

AND

1. THE STATE OF ANDHRA PRADESH, HOME DEPARTMENT, REP.

BY ITS PRINCIPAL SECRETARY, SECRETARIAT BUILDINGS, VELAGAPUDI, AMARAVATI.

2. THE COMMISSIONER OF POLICE, VISAKHAPATNAM POLICE

COMMISSIONERATE, VISAKHAPATNAM DISTRICT.

3. THE STATION HOUSE OFFICER, II TOWN POLICE STATION, VISAKHAPATNAM DISTRICT.

4. THE SUBINSPECTOR OF POLICE, II TOWN POLICE STATION, VISAKHAPATNAM DISTRICT.

5. THE UNION BANK OF INDIA, REP. BY ITS BRANCH MANAGER,

MAIN

BRANCH,

DABAGARDENS,

SUN, J

WP_26644_2023

VISAKHAPATNAM DISTRICT.

6. THE

BRANCH

MANAGER,

THE

UNION

BANK

OF

INDIA,

VISAKHAPATNAM

MAIN

BRANCH,

DABAGARDENS,

VISAKHAPATNAM DISTRICT.

...RESPONDENT(S):

Petition under Article 226 of the Constitution of India praying that in the circumstances stated in the affidavit filed therewith, the High Court may be pleased to may be pleased to issue a writ, order or direction more particularly one in the nature of WRIT OF MANDAMUS, impugning the action of the 4th respondent Sub-Inspector of Police and 5th and 6th respondents Union Bank of India in freezing the bank accounts of the petitioners Margadarsi Chit Funds Pvt. Ltd., Visakhapatnam Branch, vide Account Nos. (1) 328901010023011,

(2) 328901010023070 and (3) 328901010036673 of Union Bank of India, Visakhapatnam Main Branch, Dabagardens in connection with Crime No. 208

of 2023 of II Town Police Station, Visakhapatnam by issuing a notice U/s. 102

Cr.P.C. as the same is contrary to law, illegal, arbitrary, against the principles of natural justice and without jurisdiction or authority and to pass such IA NO: 1 OF 2023

Petition under Section 151 CPC praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased may be pleased to direct the respondents to de-freeze the accounts of the petitioners Margadarsi Chit Funds Pvt. Ltd., Visakhapatnam Branch, vide Account Nos. (1) 328901010023011, (2) 328901010023070 and (3)

328901010036673 of Union Bank of India, Visakhapatnam Main Branch, Daba gardens by suspending the undated notice issued U/s. 102 Cr.P.C. by the 4th respondent, Sub-Inspector of Police in connection with Crime No. 208

of 2023 of II Town Police Station, Visakhapatnam, pending disposal of the writ petition and to pass such Counsel for the Petitioner(S):

1. P SAI SURYA TEJA

Counsel for the Respondent(S):

1. GP FOR HOME

The Court made the following:

SUN, J

WP_26644_2023

HON’BLE SMT. JUSTICE SUNITHA GANDHAM

WRIT PETITION NO: 26644 OF 2023