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SC Dismisses Mamata-Led TMC Faction’s Plea to Operate Four Debit-Frozen Bank Accounts

The bench said it would not interfere with the Calcutta High Court order and sent the dispute over the Rs 804 crore accounts back for faster hearing.

  • On Thursday, the Supreme Court dismissed a plea by the Mamata Banerjee-led Trinamool Congress faction seeking access to four debit-frozen bank accounts, as Justices M.M. Sundresh and P.B. Varale declined to interfere with the Calcutta High Court order.
  • Previously, the High Court refused the same request on August 27, observing that granting access would undermine its earlier order permitting day-to-day withdrawals; the Election Commission has also frozen the party's name and election symbol.
  • Alleging procedural flaws in FIRs filed by MLA Bishwanath Das, the TMC sought to unlock around Rs 804 crore in the disputed accounts; the Enforcement Directorate registered a money laundering case regarding alleged fund transfers.
  • Directing an expedited hearing after the Durga Puja vacation, the Supreme Court stated, "The bigger question is who has the right to operate these accounts." Parties must file affidavits before the next hearing.
  • With the Election Commission decision on party identity unresolved, the legal battle over funds and legacy remains pending adjudication; declining to exercise jurisdiction under Article 136, the bench noted, "We refrain from going into the merits.
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Times of India broke the news in India on Thursday, October 1, 2026.
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