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PMC Bank scam: HC sets up panel for sale of HDIL assets

PMC Bank scam: HC sets up panel for sale of HDIL assets

Wednesday, January 15, 2020, 3:00 PM

The Bombay High Court set up a three-member committee on Wednesday for valuation and sale of encumbered assets of Housing Development and Infrastructure Ltd (HDIL) to expeditiously recover dues payable by the firm to crisis-hit Punjab & Maharashtra Cooperative (PMC) Bank. A division bench of Justices RV More and SP Tavade said the committee would be headed by retired high court judge S Radhakrishnan.
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