PNB scam: Delhi HC stays trial court proceedings against Usha Ananthasubramanian, other officials

Aditi Singh May 24 2019

The Delhi High Court has stayed the trial court proceedings against Punjab National Bank (PNB), its former Managing Director & CEO Usha Ananthasubramanian, and eleven other PNB officials in a case pertaining to an alleged violation of Section 46 of the Banking Regulation Act. 

The complaint in the matter was made by the Reserve Bank of India (RBI) against the backdrop of the multi-crore PNB scam that . . .

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