Prompt steps are being taken in PMC case, Centre tells SC

Government shares the concern of depositors, says Solicitor General

October 19, 2019 01:31 am | Updated 01:31 am IST - NEW DELHI

A man walks out from a PMC Bank branch in Mumbai, in this file photo.

A man walks out from a PMC Bank branch in Mumbai, in this file photo.

The Centre on Friday assured the Supreme Court on Friday that it shared the concern of account holders affected by the PMC Bank scam and prompt steps were being by the Enforcement Directorate to deal with the crisis.

“Governmental authorities share the concern. Prompt steps are being taken. Substantial assets have been attached... 88 immovable properties attached,” Solicitor General Tushar Mehta informed a Bench led by Chief Justice of India Ranjan Gogoi.

The Supreme Court was hearing a plea filed by Bejon Mishra, on behalf of 500 depositors, to lift the restrictions imposed by the Reserve Bank of India on cash withdrawals.

“We are not inclined to entertain this petition under Article 32 (writ jurisdiction). Petitioner can approach the High Court concerned for appropriate relief,” CJI addressed advocate Shashank Sudhi, for Mr. Mishra.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.