Supreme Court dismisses plea by Mamata Banerjee-led TMC faction to operate four debit-frozen bank accounts
The Supreme Court of India has dismissed a plea by a faction of the Trinamool Congress (TMC) to unfreeze four bank accounts containing approximately ₹804 crore. The court deferred to the Calcutta High Court, noting that the Election Commission has frozen the party's symbol, complicating the ownership dispute.
Why it matters
This legal battle impacts the financial operations of a major political party and highlights the intersection of electoral disputes and asset management.
The Supreme Court on Thursday (October 1, 2026) dismissed a plea by the Mamata Banerjee-led TMC faction to operate four debit-frozen bank accounts.
A bench of Justices M.M. Sundresh and P.B. Varale said it was not inclined to interfere with the Calcutta High Court order, which refused to allow the plea.
The court noted that the Election Commission has frozen the symbol, and therefore the larger issue as to who is entitled to the amount is pending adjudication.
"We refrain from going into the merits. We are not inclined to exercise our jurisdiction under Article 136. We request high court to expedite the hearing," the Bench said.
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