Mumbai, Dec 14: The Bombay High Court has strongly criticised Punjab National Bank (PNB) for publishing the names and photographs of directors of a jewellery company in a financial daily, despite being aware that the matter was pending before the court and that the borrowers had sought urgent protection.

Challenge to ‘Wilful Defaulter’ and ‘Fraud’ Classification

The court was hearing petitions filed by jewellery manufacturer Damara Gold and its directors challenging PNB’s orders classifying the company as a “wilful defaulter” and its account as “fraudulent”.

Urgent Hearing Sought Amid Insolvency Proceedings

On December 10, the petitioners had sought an urgent hearing and a temporary stay restraining the bank from taking coercive steps pursuant to its decisions.

However, the court adj

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