HC stays bank account as fraud Updated: Updated: ‘CBI, ED can carry on with their probe’ Share Article ‘CBI, ED can carry on with their probe’ The Telangana High Court on Friday passed an interim direction staying declaration of M/s Coastal Projects Limited’s bank account as fraud by the Reserve Bank of India and other banks. A bench of Chief Justice Hima Kohli and Justice B. Vijaysen Reddy passed this order after hearing a writ petition filed by Sabbineni Surendra of the company. While the company’s bank account declaration as fraud was stayed, the bench made it clear that the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) officials were at liberty to proceed against the company in accordance with law.