Regulatory & Legal
NewsData.io24 Sept 2026, 11:55 pm ISTDelayed
NCLT removes former PNB executive from fraud case
What happened
- The NCLT Mumbai removed former PNB executive Sanjiv Sharan from a petition linked to the Nirav Modi fraud case.
- The tribunal vacated the attachment of his properties, stating there was no material showing his complicity.
Key terms explained
Financial terms from this story, in everyday words.
- NCLT
- National Company Law Tribunal, a body that handles corporate disputes and insolvency cases in India.
- Attachment
- A legal process where property is seized or restricted by a court.
Original source
NewsData.io
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