RE: India: Has Your Bank Closed Your Account For Crypto-Related Transactions?
The bank mafia is back at it again. I think that for the time being most crypto traders are only engaging in P2P trading in India as the doors to fiat trading have been shut. Obviously, the current actions must be from the past engagement in the crypto trading.
Either way the trading of crypto is not illegal. As you suggested the case in a consumer court (last resort) can hold up pretty well.