PC Jeweller Secures One Time Settlement with PNB Amidst Financial Turmoil
PC Jeweller, grappling with significant financial challenges, announced a pivotal development as it received approval from Punjab National Bank (PNB) for its One Time Settlement (OTS) proposal
SBI seizes PC Jeweller's New Delhi properties following a loan default of Rs.3,466 crore
PC Jewellers is experiencing operational disruptions due to this financial setback, leading to a significant drop in their second-quarter revenues for the fiscal year 2024
PC Jeweller's Stock Market Woes: Legal Proceedings, Loan Recall Notices, and Insider Trading Allegations
Delhi-based jewellery chain PC Jeweller is facing a tumultuous time in the stock market, with its shares plummeting by over 75% since January 2018. The company is embroiled in legal proceedings with the State Bank of India and four other banks as well.
Banks have issued loan recall notices to PC Jeweller
PC Jeweller, has been in the midst of legal proceedings with State Bank of India (SBI) and four other banks of the consortium (IDBI Bank, Indian Bank, Bank of India, and Karur Vysya Bank) that have advanced loans to the company.
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