PNB plans to take part in Nirav Modi's US firm bankruptcy
Punjab National Bank plans to take part in the bankruptcy proceedings of jeweller Nirav Modi's US company Firestar Diamond Inc, according to reports. PNB, which is reportedly listed as an unsecured creditor by Firestar, is examining all options to make a case for the recovery. Nirav Modi and his uncle Mehul Choksi are accused of defrauding PNB of â¹13,900 crore.