Ex-IL&FS chief Bawa's wife, daughter move NCLT to defreeze bank accounts

Hearing both the sides, NCLT reserved its order without mentioning the date for next hearing

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 wants 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