HT reports Bombay High Court has ordered Mumbai Police to sell attached properties of the real estate company Housing Development Infrastructure Limited (HDIL) as soon as possible to repay the depositors of the scam hit PMC Bank.
The court was hearing a public interest litigation (PIL) seeking directions for the expeditious disposal of HDIL Group assets and properties attached by the EoW and the Enforcement Directorate (ED), and repaying the depositors of PMC Bank at the earliest.
The court has directed HDIL promoters Sarang and Rakesh Wadhwan to submit in two weeks the list of attached HDIL assets and also to disclose if the properties were encumbered and if the firm held any properties overseas.