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PMC Bank scam: No relief for Wadhawans as SC stays HC order on house arrest

The high court had set up a three-member committee for valuating and sale of encumbered assets of HDIL to expeditiously recover dues payable by the firm to PMC bank

Rakesh Wadhawan and Sarang Wadhawan, promoters of Housing Development Infrastructure Ltd, being produced in court in Mumbai in connection with the PMC Bank case in Mumbai, Friday, Oct. 4, 2019.- KAMLESH PEDNEKAR
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Rakesh Wadhawan and Sarang Wadhawan, promoters of Housing Development Infrastructure Ltd, being produced in court in Mumbai in connection with the PMC Bank case in Mumbai, Friday, Oct. 4, 2019.- KAMLESH PEDNEKAR

Press Trust of India New Delhi
The Supreme Court on Thursday partially stayed the Bombay High Court order allowing shifting of HDIL promoters Rakesh Wadhawan and Sarang Wadhawan, accused in the multi-crore Punjab & Maharashtra Cooperative (PMC) Bank scam case, from Mumbai's Arthur Road Jail to their residence.

A bench comprising Chief Justice S A Bobe and justices B R Gavai and Surya Kant took note of the submissions of Solicitor General Tushar Mehta that the high court order to the extent of allowing their release from prison needed to be stayed.

The law officer said the other aspect of the high court order such as

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