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There could be some good news on the way for thousands of ordinary depositors in the scam-hit Punjab and Maharashtra Co-operative Bank (PMC) who had been running from pillar-to-post to get their money back.
This after the promoters of the now-bankrupt Housing Development and Infrastructure Limited (HDIL) has sought to sell off their assets, including a yacht, a Rolls Royce and an aircraft, to pay off the bank’s dues.
BCCL