Pnb Scam Fallout

Mehul Choksi moves Supreme Court of Belgium against extradition order

The development comes after the Court of Appeals in Antwerp, on October 17, rejected Choksi's argument that he may not receive a fair trial if extradited to India

Mehul Choksi arrested in Belgium: What was his alleged role in PNB scam?

The ₹13,850 crore PNB fraud was carried out between 2014 and 2017, involving fake LoU to secure overseas credit for firms linked to Mehul Choksi and Nirav Modi. Here's what you need to know

PNB scam fallout: NCLT removes constraint on Firestar directors

The Bench of Judges B S V Prakash Kumar and Duraiswamy has vacated the restraint order of February 23

PNB scam fallout: Here's why banks must relook at indemnity policies

Given the reluctance to part with data and tendency to minimise the risks, those in the segment say banks need to seriously relook at whether they're covered for a PNB-type case

PNB scam fallout: Not defaulted on any loan, says Russell Mehta

"The group has a clean credit history and at no instance has any of its entity defaulted on any bank credit availed by it," Russell Mehta said in a statement

PNB scam fallout: Exporters say banning LoUs no solution to banking mess

The trade credit instrument banned by RBI is used heavily by exporters who import goods which go into the making of export products