My Company current account has frozen by IT because of Penalty Demand Pending

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This discussion addresses a company's current account frozen by the IT department due to an unpaid penalty demand. The advice given is that you can indeed open a new current account. To unfreeze the existing account, you should write an application to the relevant authority after settling the penalty, or alternatively, apply to pay the demand in instalments.

Arvind Dubey

Arvind Dubey (Querist)
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27 August 2021 IT dept has frozen my company Current Account due to non-payment of one penalty Demand.
1. Can i open some other current account.
2. How to unfreeze the said current bank account as I want to start receipt/payment in bank.
Pls suggest.

ROHIT JAIN

ROHIT JAIN (Expert)
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28 August 2021 1. Yes you can open another new account.
2. Write an application to the concernd authority after depositing the demand else you can file an application for deposit of demand in installments

ROHIT JAIN

ROHIT JAIN (Expert)
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