Punjab National Bank is worried that it wouldn't be able to recover its dues from diamantaire Nirav Modi.
In a US court filing, it has requested that Nirav Modi’s Firestar Diamond and other firms should not be allowed to fast-track the sale of their assets, according to a report by the Livemint. PNB has suggested that the sale by Nirav Modi's firms could hurt the bidding process amid the Rs 140-billion scam at the bank and harm its chances of recovering money from the diamantaire.
PNB 'not' a creditor to Firestar: Last month, Firestar Diamond, a company owned by Nirav Modi,