PNB objects to sale of assets by Nirav Modi's US firms
PNB has objected to the expedited sale of assets in US by firms linked to jeweller Nirav Modi, who is at the centre of a $2.1-billion fraud at the bank. PNB argued that the "truncated" sale of assets will limit the recovery of creditors. Nirav's Firestar Diamond Inc filed for bankruptcy, along with its two affiliates on February 26.