There Could Be Relief For Depositors In Scam-Hit PMC Bank As HDIL Promoters Agree To Sell Their Property To Repay Loans

There could be some good news on the way for thousands of ordinary depositors in the scam-hit Punjab and Maharashtra Co-operative Bank (PMC) who had been running from pillar-to-post to get their money back.

This after the promoters of the now-bankrupt Housing Development and Infrastructure Limited (HDIL) has sought to sell off their assets, including a yacht, a Rolls Royce and an aircraft, to pay off the bank’s dues.

BCCL