PNB fraud case: Bank hires lawyers to represent itself in bankruptcy proceedings of Nirav Modi firm in US
Firestar Diamond approached a bankruptcy court in New York court in February. "We have just engaged lawyers to represent our bank in the US bankruptcy petition as part of recovery process. If money has gone from our system and parked in that company, our bank's views should be heard before deciding about insolvency petition," PNB Managing Director Sunil Mehta told PTI in an interview.
PNB Managing Director Sunil Mehta said the bank is legally engaged in the matter of insolvency proceedings of Firestar Diamond and the concerned authorities have been requested to make the bank a party in the case. Image source: PTI