'Pay Rs 25 cr in 90 days or...': SC to Heera Gold's Nowhera Shaik

'Pay Rs 25 cr in 90 days or...': SC to Heera Gold's Nowhera Shaik

Hyderabad: In a major turn of events, the Supreme Court issued managing director of Heera Gold Exim Pvt Ltd, Nowhera Shaik, an ultimatum to repay Rs 25 crore to investors within three months. Failure to do so will result in her arrest and cancellation of her bail. Her lawyers argued that she lacks the required funds, but the Enforcement Directorate (ED) reminded her that some of her properties have been confiscated and could be auctioned to reco…

Rs 25 crore for bldg won’t cover dues: Mapusa bank depositors

Staff Reporter Panaji Amid the state government’s move to take over the erstwhile Mapusa Urban Cooperative Bank’s head office building ‘Nandadeep’ for Rs 25 crore, there is no sign of closure of the liquidation proceedings for the beleaguered depositors with deposits valued atRs 71.7 crore remaining unpaid as of date. Depositors on Friday told ‘The Navhind Times’ that the liquidation process has not touched account holders’ money lying in deposi…