Home Current Affair February 2018 Nirav Modi and Mehul Choksi Borrowing Banks Want the Government to Acquire their Companies

Nirav Modi and Mehul Choksi Borrowing Banks Want the Government to Acquire their Companies


The borrowed bank of Nirav Modi and Mehul Choksi wants the government to take over their companies. These borrowers believe that before the bank declares Nirav Modi and Mehul Choksi companies to be bankrupt, the government should take these companies under their control. The borrowed banks of Nirav Modi and Mehul Choksi believe that the government should take steps like Satyam Computer in PNB Scam.  However, sources in the corporate affairs ministry say that the government is not in the mood of the acquisition of these companies, because after this these liabilities will become the responsibility of the government.

Published On : 27 Feb 2018

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