Adarsh Society moves SC for defreezing its bank accounts

Last Updated: Fri, Sep 23, 2011 13:28 hrs

New Delhi: Scam-tainted Adarsh Cooperative Housing Society of Mumbai today approached the Supreme Court seeking a direction to CBI to defreeze its two bank accounts and allow it to raise money for day-to-day functioning.

The Society, whose accounts were freezed by CBI in January after registering a case against it and its several members for allegedly flouting norms, contended before a bench of justices H L Dattu and C K Prasad that it should be allowed to raise money from its members.

The bench, however, asked the Society to clarify whether it wanted defreezing of its bank accounts or to raise money from its members and open a new account.

It asked the Society to make its stand clear on Monday when the case would come up for further hearing.

The Society approached the apex court after the Bombay High Court had on July 27 dismissed its plea to defreeze its bank accounts.

More from Sify: