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Govt agency Nafed also wilful defaulter in PNB bad debt list

Nafed, with outstanding amount of Rs 224 cr, named by Punjab National Bank; efforts on for one-time settlement

N Sundaresha Subramanian  |  New Delhi 

Vijay Mallya has elite company: Nafed, a Union government agency, too, is a fellow wilful defaulter on the list published by the Punjab National Bank (PNB). The list of defaulters was published by the bank last month. A number of government agencies, such as the Central Bureau of Investigation (CBI) and the enforcement directorate, are on the trail of the Kingfisher founder. National Agricultural Co-operative Marketing Federation of India, or Nafed, a six-decade-old autonomous body under Union Ministry of Agriculture, figures at number 218 on the list, about 150 places below ...

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First Published: Thu, March 10 2016. 09:30 IST
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