Mumbai: The beleaguered public sector Punjab National Bank (PNB) has admitted to 1,142 big and small defaulters all over India who have defaulted a stupendous ₹25,090.3 crore. Of these 1,142, the PNB has so far initiated recovery proceedings by filing suits against 1,108 defaulters to recover ₹23,879.8 crore. However, no suits have been filed against the remaining 34 defaulters who owe the bank ₹1,210.5 crore. Also figuring in the list is another high-profile absconder, Vijay Mallya, who owes ₹597.4 crore on the defunct Kingfisher Airlines account. The other defaulters include Kudos Chemie Ltd., Chandigarh ( ₹1,301.8 crore), Winsome Diamonds & Jewellery Ltd. Surat ( ₹899.7 crore), Jas Infrastructure & Power Ltd., Kolkata ( ₹410.9 crore), Zoom Developers Pvt.

Source: Mint June 12, 2019 11:14 UTC