We For News
We For News

Punjab National Bank's appeal in $45m fraud claim brought in UK courts refused

Punjab National Bank's appeal in $45m fraud claim brought in UK courts refused
  • 582d
  • 0 views
  • 0 shares

New Delhi, May 5 : The Court of Appeal in London has refused permission for the British subsidiary of Punjab National Bank (PNB) to appeal against a judgment dismissing its $45 million claim for fraud and misrepresentation in loans given to Indian and US renewable energy companies.

This was the third consecutive defeat for PNB in this case, with the English High Court having found that no fraud had been committed by the defendant borrowers against PNB and criticising the PNB's failure to disclose existing proceedings it had brought in the debt tribunal in Chennai, according to Zaiwalla & Co., a London-based law firm.

Read more
Money Control
Money Control

IAF chopper with CDS Bipin Rawat onboard crashes in Tamil Nadu's coonoor; 11 of 14 confirmed dead

IAF chopper with CDS Bipin Rawat onboard crashes in Tamil Nadu's coonoor; 11 of 14 confirmed dead
  • 11hr
  • 0 views
  • 10k shares

A total of 14 people including Bipin Rawat, his wife, Defence Assistant, security commandos and IAF pilots were on board the chopper, reported news agency ANI citing sources.

Read more
The Quint
The Quint

'Deeply Anguished': PM Modi and Others React to Passing of CDS Gen Bipin Rawat

'Deeply Anguished': PM Modi and Others React to Passing of CDS Gen Bipin Rawat
  • 4hr
  • 0 views
  • 7k shares

Expressing anguish over the passing of Chief of Defence Staff General Bipin Rawat, his wife and 11 others in a helicopter crash in Tamil Nadu, Prime Minister Narendra Modi on Wednesday, 8 December, shared his condolences with the bereaved families.

Read more

No Internet connection

Link Copied