India, Aug. 17 -- The Karnataka High Court has quashed three Sessions Court orders directing the release of gold and silver and defreezing of bank accounts linked to wealthtech startup Jar.

A bench of Justice M Nagaprasanna, in an order pronounced on August 10, set aside the April 4 orders passed by the Principal City Civil and Sessions Judge, Bengaluru, in a case involving Jar Gold Retail.

The HC ruled that police do not require prior permission from a Magistrate to debit-freeze a bank account as an investigative and preservative measure under Section 106 of the Bharatiya Nagarik Suraksha Sanhita (BNSS).

However, police must report the action "forthwith" to the jurisdictional Magistrate, the court said.

The HC distinguished such a fr...