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Come up with functional plan to repay dues : PNB to Nirav Modi

Punjab National Bank


Punjab National Bank (PNB) has asked Nirav Modi to come up with an proper working plan to  recover its dues from him, the PNB said in a response to his claims of the lender closing all recovery options.
PNB said this in its response to a mail written by Nirav Modi, who allegedly cheated the bank of Rs 11,400 crore in connivance with a few bank officials.
As per PTI reports PNB said in a letter to its loan defaulter Nirav Modi that "Your commitment and undertaking for sparing of the total liability was not backed by providing upfront amounts and timelines. However, should you have any concrete and implementable plan, do revert back (sic),”

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