Nirav Modi case: PNB receives $3.25 million as part of recovery from liquidating Modi’s assets

Nirav Modi case: PNB receives .25 million as part of recovery from liquidating Modi’s assets

Punjab National Bank (PNB) received $3.25 million (Rs 24.33 crore) in the first tranche of recoveries from the liquidation of wilful defaulter Nirav Modi’s assets in an ongoing case in the United States. Further recoveries from the total liquidated amount of $11.04 million (Rs 82.66 crore) realised by the US Chapter 11 trustee will depend … Read more