Legal Dispute Arises Over Bank's Right to Setoff Multiple Customer Accounts

Central Insurance Company Ltd engaged in general insurance business with Diamond Bank Limited involving two separate commercial transactions. The claimant alleges that the bank unilaterally set off a sum of money from its accounts without consent.

The dispute revolves around the bank's right to combine accounts for setoff purposes. The claimant maintains that the accounts for credit bond, pension, and call deposit were distinct and should not have been combined.

Legal proceedings are ongoing to resolve the outstanding debt issue.