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Supreme Court refuses to intervene in TMC faction bank row
The Supreme Court on Tuesday declined to interfere in the Trinamool Congress factional dispute over party bank accounts frozen by the Enforcement Directorate. It upheld a Calcutta High Court order that lets…
The Story in Brief
The Supreme Court on Tuesday declined to interfere in the Trinamool Congress factional dispute over party bank accounts frozen by the Enforcement Directorate. It upheld a Calcutta High Court order that lets the party use three accounts for daily expenses under a court-appointed special officer. The bench of justices MM Sundresh and PB Varale called the order 'balanced' and disposed of pleas from both the AITC and rebel MLA Biswanath Das.
Das had alleged Rs 350 crore was transferred into a single account after assembly election results on May 5. The ED argued sufficient funds were available, noting an unencumbered account with Rs 120 crore. Senior advocate Kapil Sibal countered that a cybercrime debit freeze blocked even that account. The court allowed Das to raise objections before the high court, which is hearing the main petition.
The Indian Opinion
The narrative of a helpless party being gagged by ED misses nuance. The court itself called the high court order 'balanced', neither faction gets a free hand. The real test is not who controls the accounts, but whether the money trail, especially the Rs 350 crore transfer flagged by the rebel MLA, can withstand scrutiny. Delhi and Kolkata will watch how the high court handles that forensic question.
Source: hindustantimes.com
This story was synthesised by AI from the source linked above.
