Calcutta HC to hear TMC plea on frozen bank accounts today
Synopsis
Key Takeaways
The Calcutta High Court is set to hear a petition on Wednesday, 12 August filed by the Mamata Banerjee-led faction of the All India Trinamool Congress (TMC) challenging West Bengal Police's decision to freeze four bank accounts of the party held at Indian Bank, a public sector lender. The case comes up before the single-judge bench of Justice Sougata Bhattacharya later in the day.
Why the Accounts Were Frozen
West Bengal Police ordered the freezing of the four Indian Bank accounts on the basis of an FIR linked to cybercrime. The Mamata Banerjee-led faction, however, contests this action, asserting in its petition that no evidence of illegal transactions through these accounts has been established. The party's legal counsel has sought court permission to withdraw funds from the frozen accounts to meet essential operational expenses.
The Special Officer Arrangement
The petitioner's counsel has indicated willingness to operate under a court-appointed special officer — a mechanism already in place for three other TMC bank accounts held with a private sector bank. Those accounts had faced debit restrictions first at the direction of West Bengal Police and subsequently following instructions from the Enforcement Directorate (ED). The party is seeking a similar supervised arrangement for the newly frozen Indian Bank accounts.
Supreme Court Refuses to Intervene
On Tuesday, the Supreme Court declined to interfere with the ED's freezing of the three private-sector bank accounts of the TMC in connection with an alleged money laundering probe. The bench of Justices M.M. Sundresh and Prasanna B. Varale allowed the existing interim arrangement — under which a court-appointed Special Officer supervises withdrawals for day-to-day expenses — to continue.
The Justice Sundresh-led bench described the Calcutta High Court's earlier arrangement as 'balanced', noting it ensured the party's routine operations were not paralysed while keeping account activity under judicial oversight. The apex court also disposed of a separate petition by rebel TMC leader Biswanath Das, who had challenged the High Court's order, claiming he represented the 'real party'.
What Happens Next
The outcome of Wednesday's hearing before Justice Bhattacharya will determine whether the Mamata Banerjee faction can access funds from the four frozen Indian Bank accounts, even under supervised conditions. With the Supreme Court having upheld the ED's freeze on the other three accounts, the High Court's decision on the cybercrime-linked freeze carries significant implications for the party's financial operations ahead of any upcoming electoral cycle.