Court Orders Release of Businessman's Account After Rs 2000 Note Deposit Flagged

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Authorities in India froze a businessman's bank account after a deposit of a Rs 2000 note triggered an alert. The action was taken by the bank under directives to flag high-value cash deposits for potential scrutiny. The businessman subsequently approached the court, challenging the account freeze. The court has now ordered the immediate release of the frozen account, citing procedural overreach.

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