Consortium of banks realizes Rs 7,975.27 cr by sale of assets
Out of which, assets worth Rs 15,113.91 crore have been restituted to the Public Sector Banks. In addition, assets worth Rs 335.06 crore have been confiscated by the government.
Out of which, assets worth Rs 15,113.91 crore have been restituted to the Public Sector Banks. In addition, assets worth Rs 335.06 crore have been confiscated by the government.
The govt further said that the total proceeds of crime in the PMLA cases pending before the top court amounts to Rs 67,000 Crores.
Nirav Modi has been granted permission to appeal his extradition to India on two grounds. The is reviewing the next steps with the Government of India, a spokesperson said.
The judge noted that the arguments made under both grounds overlap in this case as they both rely principally on the appellant, Nirav Modi's mental ill-health.
The ED has attached several assets of Nirav Modi running into crores of rupees in connection with the case
PNB slipped back into losses during the quarter in consideration after coming back into the black in the previous quarter ending December.
The court is hearing the extradition case of Nirav Modi in the $1 billion Punjab National Bank (PNB) fraud and money laundering case.
Agarwal's tenure has been cut short by three years and the 1994-batch Indian Police Service officer of Maharashtra cadre has been repatriated to his home state with immediate effect
The UK court earlier on Friday rejected Nirav Modi’s second bail application, saying there are 'substantial grounds' to believe the fugitive diamantaire will fail to surrender.
Judge Arbuthnot said his attempt to try and seek citizenship of Vanuatu shows he was trying to move away from India at an important time.
