New Delhi, Aug. 11 -- The Supreme Court has declined to grant relief to TMC. This concerns its frozen bank accounts, holding around Rs.440 crore. A bench of Justices MM Sundresh and PB Varale heard the matter on 11 August.

TMC earlier challenged the Calcutta High Court's 20 July order. That order refused permission to operate three HDFC accounts. It also challenged a related order dated 9 July.

A separate petition was filed by rebel leader Biswanath Das. He challenged the same 9 July order, too. Das claims to represent the party's genuine leadership.

The Supreme Court disposed of both petitions without granting relief, according to LiveLaw. It called the High Court's order "balanced". Justice Sundresh said all contentions remained open...