After registering the case, the CBI on Friday searched the residences of Rakesh Wadhawan and his son Sarang and former PMC Bank chairman Singh in Mumbai,...
Shares of HDIL on the BSE surged on the development. Adani Properties, Sunteck Realty and Suraksha Asset Reconstruction Ltd are among the companies which have submitted...
The aeroplanes are Dassault Falcon 2000 and Bombardier Challenger 300, which are parked at Mumbai Airport, and Ferretti Yacht 881, which is docked at Galle port...
They had sought bail claiming no particular section of banking regulations was violated by them, contending that allegations of misdoings were against PMC officials and not...
Majmudar tendered his resignation on July 7, 2020. Housing Development and Infrastructure Ltd (HDIL) on Wednesday said its chief financial officer and company secretary Darshan Majmudarhas resigned....
The Reserve Bank of India (RBI) said it has extended regulatory restrictions on Punjab and Maharashtra Cooperative (PMC) Bank for three more months till June 22,...
The Wadhawans shall help the committee in valuation of HDIL’s encumbered properties, the court said. The Bombay High Court set up a three-member committee on Wednesday...
The bank’s exposure to HDIL was a staggering 75 per cent of its entire loan book. The Punjab and Maharashtra Cooperative Bank(PMC) has in its possession collaterals...
All the five accused were arrested soon after the scam at the bank scame to light in September this year, and are presently in judicial custody....
According to sources, these 30 slum-dwellers probably had the resources to approach the court. The deadline for HDIL to pay rent to tenants in its ambitious Slum Rehabilitation...
