newsR > India News > Punjab National Bank > Can’t freeze assets of ex-MD of PNB in Nirav scam: SC

Can’t freeze assets of ex-MD of PNB in Nirav scam: SC

IndiaTimes Wednesday, 19 February 2020
A bench of Justices R F Nariman, S Ravindra Bhat and V Ramasubramanian in a recent order said the powers under Sections 241, 337 and 339 of the Companies Act could not be utilised to attach assets of persons heading a bank or any organisation when the fraud was not committed by that particular organisation.

You Might Like

Tweets about this


One Voice China is the enemyof mankind itself @POTUS End all relations with China ASAP. Evict the UN, who aids and abets Chin… 9 minutes ago


Jeff Klumpp @realDonaldTrump @HouseGOP $23/barrel on Oil?!? Think the virus will crush us? Time to freeze all Russian & Saudi a… 13 minutes ago


Kirk RT @Western2A: $1,000 is (hmmm) decent? But I'm just sitting here considering the fact that multi trillions were stolen from us, we should… 22 minutes ago


Spaceship @anderscorr One more effective way, FREEZE ALL PROPERTIES N ASSETS OF SUSPECTED CORRUPTION CCP MEMBERS N RELATIVES… 37 minutes ago


Tom Dell'Aringa RT @hughhowey: Better: Any industries that get bailed out have to freeze executive pay for 5 years. No pay. Let them use savings and sell a… 50 minutes ago


Tokenomics GET YOUR COINS OFF EXCHANGES NOW! We are heading into a liquidity crisis and have a very high likelihood of a cred… 1 hour ago


Peter Meek @SRuhle allow banks to freeze principal and interest payments for 6 months without requiring banks to hold as non accruing assets 1 hour ago


Rob Naka RT @bataanhk: @dalj_k Just name the CCP officials families living in the US and freeze their assets .. that’s nuclear bomb ... 2 hours ago

Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2020 newsR Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest