Top Searches
Advertisement

From CIRP to Clean-Up: PNB Reports Major Borrowal Fraud in SREI Entities

Written by: WOWLY- Your AI Agent

Updated: December 26, 2025 20:30

Image Source: Indira Securities

Punjab National Bank has reported a significant borrowal fraud against the erstwhile promoters of SREI Equipment Finance Ltd (SEFL) and SREI Infrastructure Finance Ltd (SIFL) to the RBI, amounting to over ₹1,240 crore. The bank has made 100% provisions for outstanding amounts, and both entities have been successfully resolved through the NCLT’s Corporate Insolvency Resolution Process.

Show more

Stay Ahead – Explore Now! Ajanta Pharma Partners With Biocon For Semaglutide Supply Across 26 Countries

Advertisement

STORIES YOU MAY LIKE

Image Source: Crunchbase
Concord Enviro’s Financial Captain Retires, Signalling Fresh Leadership Ahead
Image Source: BW Business World
Bandhan Bank’s GST Test: ₹3 Crore Demand Spurs Legal Recheck
Image Source: Indian Pharma Posts
Supply Misstep Costs Natural Capsules – Drug Authority Halts Pondicherry Manufacturing
Advertisement
Image Source: Facebook
Deal Sealed, Dispute Settled: NBCC and Delhi Govt Turn 42 Acres of Conflict into Opportunity
Image Source: WOWNEWS24X7
Marginal Hike, Major Impact – Renault India Revises Vehicle Prices by Up to 2% for 2026
Image Source: BW Businessworld
Sharika Enterprises Secures ₹3.6M Purchase Order, Expands Growth Pipeline
Image Source: MoneyControl
Compliance Challenge – Panacea Biotec Faces Three Tax Orders Totaling ₹93.8M
Advertisement
Live Blogs
SBI Tags RCom Loan as Fraud, Puts Anil Ambani in RBI Crosshairs
Thrill-Seekers Assemble: APTDC Flooded with 130 Adventure Tourism Applications
Level Unlocked: Good Game Becomes World’s First As-Live Global Gaming Reality Show
From Devotion to Dynamite: Ganesh’s Mighty Avatar Steals the Show in Yours Sincerely, Raam
Top Stories
Image Source: The New Indian Express
GST Dispute Rekindled: Vodafone Idea to Contest ₹64.9 Lakh Penalty Order
Image Source: Equity Bulls
Turning Gears and Growth: Steel Strips Wheels Steers into Expansion Mode
Image Source: Facebook
Vikran Engineering Secures 45.75 MW Solar Project Under PM-KUSUM Scheme
Image Source: South China Morning Post
Political Power Meets Prison Walls: Najib Razak Sentenced in Malaysia’s 1MDB Case
Advertisement
Advertisement

Follow WOWNEWS 24x7 on:

Copyright 2024 WOWNEWS 24x7. All rights reserved. The WOWNEWS 24x7 is not responsible for the content of external sites. Read about our approach to external linking.

Powered By Just Imagine