Special CBI judge Ajay Kumar made these observations while ordering defreezing of two bank accounts of Endeavour Systems Pvt Ltd, which was alleged to have received contracts from Kumar, who, according to the agency's charges, had favoured it by abusing his official position.
"We will contest the said order in an appropriate forum by following the due legal procedures," CBI spokesperson Devpreet Singh told PTI.
"It is not appropriate that the accounts of the company remain freezed till the conclusion of investigation, particularly when more than three months have already elapsed and there is nothing on record by CBI that by what time they will conclude the investigation," the court said, adding that it could hamper the business of the firm with consequent loss to the livelihood of its employees.
The court noted that CBI, neither in its reply nor during the arguments, could point to any entry in the accounts which suggested that huge bribe amounts were received in it prior to December 18, 2015.