​​​
  1. Apex court to hear PIL seeking SIT probe today

Apex court to hear PIL seeking SIT probe today

Making out a case for issuance of fresh guidelines on granting of big loans by banks and the need for a stringent recovery process, another PIL filed on Tuesday has sought a direction to the central government to ensure billionaire jeweller Nirav Modi, an accused in the Rs 11,300 crore PNB bank fraud scam, is deported to India within two months.

By: | New Delhi | Published: February 21, 2018 6:00 AM
Apex court, Nirav Modi case, Nirav Modi fraud case, Mehul Choksi, Gitanjali Gems, PNB bank fraud scam, Chief Justice Dipak Misra, bad debt cases, india A bench led by Chief Justice Dipak Misra accepted counsel JP Dhanda’s submission that the scam of enormous magnitude required urgent hearing and posted the matter for hearing on Wednesday. (IE)

Making out a case for issuance of fresh guidelines on granting of big loans by banks and the need for a stringent recovery process, another PIL filed on Tuesday has sought a direction to the central government to ensure billionaire jeweller Nirav Modi, an accused in the Rs 11,300 crore PNB bank fraud scam, is deported to India within two months. It has also sought a SIT probe into the scam also involving another jeweller Mehul Choksi of Gitanjali Gems. A bench led by Chief Justice Dipak Misra accepted counsel JP Dhanda’s submission that the scam of enormous magnitude required urgent hearing and posted the matter for hearing on Wednesday. The PIL, filed by a lawyer, Vineet Dhanda, while seeking the apex court’s intervention to protect poor farmers who are committing suicides for not being able to repay agricultural loans, also insisted that the government should provide the complete list of borrowers of loan amounting to Rs 500 crore or more and the defaulters in this category.

Dhanda has sought the court’s direction to the finance ministry to set guidelines for grant of higher amount of loans of Rs 10 crore and above to ensure safety and its recovery. It has also sought a directive for the constitution of a committee of experts who would find the details of bad debt cases in the country. Seeking stern action against the PNB top brass, the advocate said that such big frauds cannot take place without connections in the corridors of power and wielding influences.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top