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Bombay High Court: HDIL, its Promoters have to Repay Loan to PMC Bank - (20 Dec 2019)

BANKING

Bombay High Court has observed that HDIL and its promoters will have to repay their loan to crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank as it was in the interest of the lender and its depositors. The Court also said that the assets of HDIL and its promoters must be sold at the earliest in the interest of the PMC Bank and its depositors.

Tags : BOMBAY HIGH COURT   PMC BANK  

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