“In the light of the Supreme Court order, the RBI will take necessary steps, including issuance of a revised circular, as may be necessary, for expeditious and effective resolution of stressed assets,” Das said.
Malaysia does not permit surrogacy under Islamic law. IVF experts, however, believe Malaysian couples may be exporting their embryos for illegal surrogacy in India. The Surrogacy (Regulation) Bill, 2016, passed by the Lok Sabha in 2018, bans commercial surrogacy but permits altruistic surrogacy.
Saumil Diam LLC, a company that has links to both Nirav Modi and his maternal uncle Mehul Choksi, accused of fraudulent transactions at PNB, allegedly allowed Nirav Modi and his kin the use of its corporate credit cards, sources told The Indian Express.
This was done through a laboratory “secretly” controlled by Mehul Choksi through a British Virgin Islands (BVI) firm, according to a forensic report by John J Carney, the Examiner appointed by the US bankruptcy court.
The amount was part of the Rs 40,000-crore loan that Videocon Group secured from a consortium of 20 banks led by SBI. Almost 86 per cent of the Rs 3,250 crore loan (Rs 2,810 crore) remained unpaid. The Videocon account was declared an NPA in 2017.
The questioning of Deepak Kochhar in connection with the investments received by NuPower Renewables Pvt Ltd from various domestic and foreign firms continued till late night, while Dhoot left around 11.30 pm.