PNB ‘Destroyed’ My Brand, Can’t Repay Debt, Says Nirav Modi

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Nirav Modi denied repaying the debt to Punjab National Bank saying that the bank went public for the unpaid debts. He has allegedly written a letter to the bank saying that he has taken a loan of less than Rs 5,000 crore and not what the bank has mentioned in its complaint.

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PNB ‘Destroyed’ My Brand, Can’t Repay Debt, Says Nirav Modi

Nirav Modi said PNB Limited Chances of recovering dues. He was raided by taxmen in January 2017 as part of a crackdown on cash payments after notes ban.