Fino Payments Bank lien of ₹12 crore sent back to Sessions Court

Fino Payments Bank (NSE: FINOPB) received a High Court of Karnataka order dated 04 Nov 2026 on its challenge to a ₹11.92 crore lien marked by the CID on its account, it said in a filing on 06 Nov 2026. The High Court partly allowed the petition and remanded the matter to the Sessions Court.

Key highlights

• Lien in dispute: ₹11.92 crore
• Order received: 05 Nov 2026, dated 04 Nov 2026
• Sessions Court to reconsider within eight weeks of receiving the order
• Merchants whose services the accused used: 4

The order in numbers

What the High Court ordered

The High Court partly allowed the petition the bank filed challenging the Sessions Court order of 04 Mar 2026. It quashed that order and sent the matter back to the Sessions Court at Bengaluru for reconsideration, bearing in mind the observations the High Court made.

The Sessions Court has eight weeks from the date of receipt of a copy of the 04 Nov 2026 order to reconsider. The filing gives no outcome of that reconsideration.

Background to the lien

According to the CID office, the accused used the services of 4 merchants of the bank.

The bank says neither it nor any of its employees is involved in the incident. It filed an application in March 2025 to have the lien removed, which the Sessions Court did not accept on 04 Mar 2026.

What the High Court order means for Fino Payments Bank's shareholders

The order does not remove the lien; it sends the bank's challenge back for a fresh decision, so the lien's status after the order is not known from the filing.

Not stated: the observations the High Court made, the outcome of the reconsideration, the nature and amount of the incident, and whether the lien affects the bank's operations. The next dated step is the Sessions Court's reconsideration within eight weeks of receiving the 04 Nov 2026 order.