Srinagar, July 4 -- Irfan Ahmad Bhat, Managing Director of Modern Sweets and Confectioners in Srinagar, said the money was debited from his company's account at HDFC Bank's Hari Singh High Street branch in the first week of May, while he was out of the country.

"I received no prior intimation or consent request from the bank. I only came to know about the transaction after my return," Bhat told PTI.

According to Bhat, bank officials informed him that a man named Manikandan had approached a court in Coimbatore, alleging he had been duped into transferring Rs.2 lakh to Bhat's account for investment purposes. Based on that claim, a court purportedly issued an order for the amount to be reversed from Bhat's account.

However, Bhat claims he...