New Delhi: Based on a court's verdict, Union Bank of India located at Connaught Place in Delhi froze the bank account of the All India Congress Committee on Wednesday. The court ordered the action after a businessman registered a complaint against the party.

On Wednesday, Congress president Rahul Gandhi announced that he is no longer the president of the Congress party, adding that the party should decide on a new chief without delay. Gandhi took to social networking site Twitter to announce his official resignation.