▁af resh , ▁initially ▁concentr ating ▁on ▁its ▁earlier ▁strong hold ▁of ▁the ▁southern ▁Indian ▁states ▁and ▁also ▁Mys ore , ▁T ut ic or in ▁and ▁P ud uch er ry . ▁However , ▁its ▁l enders ▁including ▁Bank ▁of ▁India , ▁State ▁Bank ▁of ▁India , ▁Central ▁Bank ▁of ▁India , ▁And h ra ▁Bank , ▁Indian ▁Bank ▁and ▁ID BI ▁Bank ▁to ▁whom ▁Param ount ▁ow ed ▁around ▁R s . ▁ 5 5 0 ▁Cr ore , ▁wrote ▁to ▁the ▁D G CA ▁in ▁February ▁ 2 0 1 3 , ▁asking ▁the ▁reg ulator ▁to ▁prevent ▁the ▁air line ▁from ▁restart ing ▁operations ▁before ▁it ▁settled ▁its ▁dues . ▁ ▁The ▁air line ▁planned ▁to ▁restart ▁operations ▁by ▁May ▁ 2 0 1 3 ▁with ▁six ▁A TR - 7 2 - 6 0 0 ▁aircraft , ▁however , ▁six ▁banks ▁that ▁had ▁extended ▁lo ans ▁to ▁the ▁air line ▁wrote ▁to ▁the ▁Director ate ▁General ▁of ▁Civil ▁A viation ▁asking ▁the ▁reg ulator ▁to ▁prevent ▁the ▁air line ▁from ▁restart ing ▁operations ▁before ▁it ▁settled ▁its ▁dues . ▁ ▁On ▁ 6 ▁May ▁ 2 0 1 6 , ▁The ▁C BI ▁has ▁registered ▁case ▁against ▁prom ot ers ▁of ▁Param ount ▁Air ways ▁on ▁alleg ations ▁of ▁def ra ud ing , ▁diver ting ▁loan ▁amount ▁and ▁che ating ▁public ▁sector ▁banks . ▁Search es ▁were ▁being ▁carried ▁out ▁at ▁seven ▁locations ▁at ▁Chen na i ▁and ▁Mad ur ai , ▁including ▁resident ial ▁and ▁office