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| Bombay HC refuses to de-freeze Adar |
| Bombay HC refuses to de-freeze Adarsh Society bank accounts
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| INDIA
, 27-July-2011
5:58:10 AM |
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The Bombay High Court today dismissed a petition filed by the controversial Adarsh Housing Society seeking de-freezing of its bank accounts.
The Central Bureau of Investigation (CBI) had in January frozen two bank accounts of the Society after registering a case against 14 accused including several members of the society.
A division Bench of Justices Ranjana Desai and R V More was hearing a petition filed by the Society seeking de-freezing of its two bank accounts with the State Bank of India, Cuffe Parade and Wodehouse Road, to bear legal expenses and day-to-day expenditure of the Society. The accounts have deposits approximately worth Rs 2 crore.
"We are rejecting the petition," Justice Desai said.
Counsels for Adarsh - senior counsel V A Thorat and advocate Satish Maneshinde - had argued that they have to pay approximately Rs 1.5 crore towards property tax to the Brihanmumbai Municipal Corporation.
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