Writ Petition Maintainable Against Private Bank Acting Outside License Terms: Allahabad HC On Bank Unilaterally Freezing Customer's Account

The Allahabad High Court ruled on the maintainability of a writ petition against private banks under Article 226 of the Constitution. The court examined the legal aspects of the petition and the banks' status. The ruling focused on the validity of the petition and the court's jurisdiction. The judgment clarifies the legal framework for writ petitions.