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PMC Bank invites fresh bids to sell two jets, yacht of Wadhawans
The RBI-appointed administrator for PMC Bank issued a public notice seeking a bid for Dassault Falcon 200 (VT-HDL) and Challenger 300 (VT-PIL), and one yacht (Ferreti 881 HT) this week
BusinessToday.In | December 30, 2020 | Updated 11:00 IST
PMC Bank has been under the RBI s restriction since September 23, 2019
Cash-strapped Punjab & Maharashtra Co-operative (PMC) Bank has invited fresh bids to sell two French-manufactured jet planes and a yacht to recover loans which the bank s erstwhile management lent to realty firm HDIL in a fraudulent manner.
These assets belong to HDIL group firms owned by Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 6,500-crore scam at the cooperative lender.