SC refuses to unfreeze TMC bank accounts, asks Calcutta HC to expedite hearing
The Supreme Court of India has declined to unfreeze bank accounts belonging to the TMC party, directing the Calcutta High Court to expedite the hearing. The Enforcement Directorate is investigating the party over alleged money laundering involving the purchase of aircraft.
Why it matters
This case involves significant political and legal scrutiny regarding party funding and potential financial misconduct in Indian politics.
NEW DELHI: The Supreme Court on Thursday dismissed a plea by the Mamata Banerjee-led TMC faction seeking permission to operate four debit-frozen bank accounts, declining to interfere with a Calcutta High Court order that had rejected the request.A bench of Justices MM Sundresh and PB Varale noted that the Election Commission has frozen the party symbol and that the larger question of who is entitled to the funds in the accounts remains pending adjudication."We refrain from going into the merits. We are not inclined to exercise our jurisdiction under Article 136.
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