The Bombay high court (HC) on Tuesday rejected the plea filed by Jasvinder Singh Banwait, one of the directors of fraud-hit Punjab & Maharashtra Cooperative (PMC) Bank, seeking bail on medical grounds due to the raging coronavirus disease (Covid-19) outbreak. Justice Sadhana Jadhav rejected the bail plea in light of […]
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RBI starts valuation of HDIL properties; relief likely for PMC Bank depositors
The depositors of Punjab and Maharashtra Co-operative (PMC) bank can expect some relief in the coming weeks as the Reserve Bank of India (RBI) appointed experts have started valuating the Housing development infrastructure Limited (HDIL) properties, which were mortgaged with the Bank, so that they can be auctioned. Once the properties are […]