S and L Investment (Private) Ltd. Vs. The People’s Bank and others – 374/2016-2016

In the case between Sand L Investment (Private) Ltd. and People’s Bank (and others), the court addressed whether writs of certiorari and mandamus should issue to direct the respondents to deliver a copy of any decision freezing a specific current account and/or to quash such freezing, and whether the petitioner retained authority to operate the said account. It was held that the petitioner failed to establish any legal basis for entitlement to the reliefs sought, particularly in light of prior Supreme Court orders transferring shareholding and control to a special purpose entity for asset recovery. The principle reaffirmed is that court orders affecting shareholding and asset control preclude subsequent claims to operate or administer associated accounts, and that writ relief requires a cl