A- A A+
Last Updated : Feb 21 2020 2:38PM     Screen Reader Access
News Highlights
Around 300 rural clusters developed under Shyama Prasad Mukherji National Rurban Mission            Prez Trump says he likes PM Modi & two leaders to hold talks on broad gamut of relations during his upcoming visit            Centre reiterates convicts in Rajiv Gandhi assassination case cannot be released without its approval            FATF to take a final call on whether to put Pakistan in its Grey list at its meeting in Paris            ICC T20 Women's World Cup: Match between India, Australia underway           

National News

Jan 16, 2020
7:30PM

PMC Bank scam: SC partially stays High Court order allowing shifting of HDIL promoters to residence

PTI
The Supreme Court today partially stayed the Bombay High Court order allowing shifting of HDIL promoters Rakesh Wadhawan and Sarang Wadhawan from Mumbai's Arthur Road Jail to their residence. Both are accused in the multi-crore Punjab and Maharashtra Cooperative Bank (PMC) scam.

A bench headed by Chief Justice S A Bobde took note of the submissions of Solicitor General Tushar Mehta, appearing for the Enforcement Directorate, that he was assailing the high court order to the extent of allowing the release of two promoters from the prison and this needed to be stayed.

The top court agreed with the submissions of the ED and also issued notice to the respondents of the case and sought their replies within four weeks.

The bench said, the other aspects of the High Court order such as the sale of assets of the accused promoters under the supervision of High Court-appointed committee should be allowed to remain operative.

The fraud at PMC Bank came to light in September last year after the Reserve Bank of India discovered that it had allegedly created fictitious accounts to hide over 4,355 crore rupees of loans extended to almost-bankrupt HDIL.

Live Twitter Feed

Listen News

Morning News 21 (Feb) Midday News 21 (Feb) News at Nine 20 (Feb) Hourly 21 (Feb) (1300hrs)
समाचार प्रभात 21 (Feb) दोपहर समाचार 21 (Feb) समाचार संध्या 20 (Feb) प्रति घंटा समाचार 21 (Feb) (1305hrs)
Khabarnama (Mor) 21 (Feb) Khabrein(Day) 21 (Feb) Khabrein(Eve) 20 (Feb)
Aaj Savere 21 (Feb) Parikrama 20 (Feb)

Listen Programs

Market Mantra 20 (Feb) Samayki 20 (Feb) Sports Scan 20 (Feb) Spotlight/News Analysis 20 (Feb) Samachar Darshan 19 (Feb) Radio Newsreel 18 (Feb)
    Public Speak

    Country wide 20 (Feb) Surkhiyon Mein 20 (Feb) Charcha Ka Vishai Ha 19 (Feb) Vaad-Samvaad 18 (Feb) Money Talk 18 (Feb) Current Affairs 14 (Feb)
  • Money Matters 20 (Feb)
  • International News 21 (Feb)
  • Press Review 21 (Feb)
  • From the States 21 (Feb)
  • Let's Connect 21 (Feb)
  • 360°- Ek Parivesh 21 (Feb)
  • Know Your Constitution 30 (Jan)
  • Ek Bharat Shreshta Bharat 21 (Feb)
  • Sanskriti Darshan 20 (Feb)
  • Fit India New India 21 (Feb)