SC allows Adarsh Housing Society to open bank account

The order was passed after the Society filed an affidavit.

Scam-tainted Adarsh Cooperative Housing Society of Mumbai was today allowed by the Supreme Court to open a bank account in a nationalised bank for raising money for day-to-day functioning.

A Bench comprising justices H L Dattu and C K Prasad gave conditional permission to the Society directing it to submit monthly statement of the accounts to CBI.

The order was passed after the Society filed an affidavit stating that it would comply with the condition of submitting the monthly statement of accounts to CBI.

Story continues below this ad

The bench did not pass any order on the plea of the Society seeking a direction to CBI to defreeze its two banks accounts.

The accounts of the Society were freezed by CBI in January this year after registering a case against it and its several members for allegedly flouting norms.

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

Stay updated with the latest - Click here to follow us on Instagram