The Mumbai Police Economic Offences Wing (EOW) has arrested a former director of Punjab and Maharashtra Cooperative (PMC) Bank and two of its valuers in connection with the ongoing probe into the Rs 4,355-crore scam, an official said here on Thursday.   Those arrested are Jasvinder S....
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Having run out of options and with their pleas to the government, regulators and courts being ignored, depositors of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank are now planning to fast for their rights.    So far, the government has remained indifferent to every plea...
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The Supreme Court on Friday stayed the Bombay High Court order on the sale of the bankrupt Housing Development and Infrastructure Ltd (HDIL) as a measure to facilitate the repayment of dues of crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank.   The Reserve Bank of India moved...
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The Supreme Court on Thursday stayed an order passed by the Bombay High Court for releasing Rakesh Wadhawan and Sarang Wadhawan, both promoters of Housing Development and Infrastructure Ltd (HDIL) in the multi-crore Punjab & Maharashtra Cooperative (PMC) Bank fraud.   A bench...
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The Bombay High Court on Thursday reserved its order on a public interest litigation (PIL) that was seeking disposal of properties belonging to defaulter Housing Development Infrastructure Ltd (HDIL).    According to a tweet from Bar & Bench (@barandbench), the HC bench of Justice...
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