business βοΈ SC declines to step in on TMC bank restrictions
The Supreme Court refused to interfere with the Calcutta High Court's restrictions on the All India Trinamool Congress's bank accounts. This decision was made while the Enforcement Directorate has frozen accounts related to a money laundering investigation. The court observed that the High Court's existing order was balanced, disposing of petitions from both TMC and a rebel leader. TMC argued that freezing accounts hindered basic operations like paying 250 employees' salaries. The matter now rests with the Special Officer appointed by the High Court for further decision-making. π°