Can’t freeze assets of ex-MD of PNB in Nirav scam: SC - Global News | Latest & Current News - Weather, Sports & Health News

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A bench of Justices R F Nariman, S Ravindra Bhat and V Ramasubramanian in a recent order said the powers under Sections 241, 337 and 339 of the Companies Act could not be utilised to attach assets of persons heading a bank or any organisation when the fraud was not committed by that particular organisation.

from India News | Latest News Headlines & Live Updates from India - Times of India https://ift.tt/3bOdUzo

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