The counsel for the family of ex- IL&FS Financial Services head Ramesh Chandra Bawa’s wife Asha Kiran and daughter Akansha Monday moved NCLT seeking to defreeze their bank accounts as neither the SFIO report nor the charge-sheet name them in the case.
However, the counsel for the corporate affairs ministry, which want to extend the freeze on their accounts, argued that the petitioners are the beneficiaries of Rs 12 crore of funds from Bawa’s frozen banks accounts, as per the findings of the SFIO probe, which has also found that the duo had accessed the blocked-lockers of Bawa three-four times after the NCLT ordered their freezing last December and thus are in contempt of the tribunal.
“There is no mention of Asha Kiran and Akansha in the charge-sheet and thus keeping their accounts frozen cannot be justified,” their counsel argued.
