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It is not too late for depositors to withdraw money, that is why PMC Bank is approved: RBI

The Reserve Bank of India (RBI) has told the Delhi High Court that the bank has been empowered to approve such requests to avoid delays in the process of withdrawing depositors’ money from the scam-hit PMC Bank. The country’s central bank said in an affidavit filed in response to the High Court’s order that the RBI would have to make its own decision instead of waiving PMC Bank’s payment of Rs 5 lakh to depositors in an emergency. Required.

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4,355 crore scam has been exposed

A bench of Chief Justice DN Patel and Justice Pritik Jalan said that since the RBI had imposed withdrawal withdrawals on Punjab and Maharashtra Cooperative (PMC) banks, the central bank should have decided to allow repayments in difficult circumstances. Following the revelation of a Rs 4,355 crore scam involving PMC Bank, the RBI has imposed a number of restrictions, including withdrawal restrictions.

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Obtaining permission in case of serious treatment

The court made the remarks during the hearing of the appeal of consumer rights activist Bejan Kumar Mishra. The petition asks the RBI to direct the RBI to consider other necessary requirements related to education, marriage of PMC Bank depositors. Currently it is only approved for serious treatment conditions. The petition was filed through Mishra’s lawyer Shashank Dev Sudhir. Mishra’s chief PIL has called on PMC Bank to direct the RBI to relax the ban on withdrawal during the coronavirus epidemic.

Instructions to produce Sanjay Raut’s wife

The Enforcement Directorate (ED) has amassed assets worth Rs 722 crore belonging to Praveen Raut, who is said to be close to Shiv Sena leader Sanjay Raut while taking major action in the PMC Bank money laundering case. At the same time, the company has also made a big revelation about Sanjay Raut and Praveen’s wife Barsha and Madhuri. ED said that Versha and Madhuri are partners of Abani Construction. Earlier, loans of Rs 12 lakh were taken from this unit for a contribution of Rs 52525. Which is still outstanding. The ED has directed Barsha Raut to appear on January 5. Explain that ED Vardhan also asked Raut to appear before sending the summons, but then told Barsha Agency till 5th January.

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