Supreme Court Criticises ICICI Bank For Not Defreezing Newsclick's Bank Accounts Despite Stay On Tax Recovery Steps

The Supreme Court criticized ICICI Bank for not defreezing the bank accounts of NewsClick despite a stay on tax recovery steps. The case involved a dispute over the freezing of bank accounts by the tax authorities, which the court had stayed. The court found that ICICI Bank’s failure to comply with the stay order was unjustified and emphasized the need for adherence to court orders. This decision underscores the importance of respecting judicial orders and the consequences of non-compliance.