Absa had every right to wait 15 months before it closed down the accounts of Gupta-owned companies‚ .
Attorney Zahir Omar, representing a Gauteng-based organisation, the Scholars of the Truth, said he was seeking an interdict at the High Court in Johannesburg on Friday afternoon to halt the burning of the Bibles.
"This will be action taken by South Africans in South Africa to stop this man from disrupting peaceful religious relations in the country," Omar said.
Mohammed Vawda planned to burn the bibles in the Johannesburg CBD on Saturday afternoon and declare September 11 "Bible burning day" in South Africa.
Omar said he planned to argue that Vawda would be inciting violence through his action, which constituted blasphemy.
Vawda refused to comment when contacted on Friday, saying the matter was sub judice and he would be able to talk after the hearing.
Pastor Terry Jones in Florida in the US drew widespread condemnation for his plans to burn the Koran to commemorate the September 11, 2001 attacks in New York and Washington. He has since called off his plans.
The Muslim Judicial Council in South Africa has reportedly called on Jones to get to know the Koran a bit better before burning it.
Imtiaz Suliman, of the prominent Islamic relief organisation Gift of the Givers, appealed for calm heads.
He urged South Africans to "ignore this man and not give him attention".
"Leave him to God," Suliman said.
"Real people of religion don't carry out acts that create conflict... real people of religion bring about compassion, understanding and patience."