The apex insurance body and four
other public sector insurance companies, including Life Insurance Corporation of India had informed the Punjab and Haryana High Court that the matter is under consideration and a decision will be taken shortly.
According to the CBI charge sheet, Paramount Airways Pvt Ltd (PAPL), its managing director M Thiagrajan, then CMD of Oriental
Insurance Company Ltd (OICL) M Ramadoss, and three other officers were accused of causing wrongful loss to five public sector banks and the insurance company, against which claims of Rs 442 crore were raised due to payment defaults by the
Insurance Company Ltd (OICL) M Ramadoss, and three other officers were accused of causing wrongful loss to five public sector banks and the insurance company, against which claims of Rs 442 crore were raised due to payment defaults by the a
Company Ltd (OICL) M Ramadoss, and three
other officers were accused of causing wrongful loss to five
public sector banks and the
insurance company, against which claims of Rs 442 crore were raised due to payment defaults by the
insurance company, against which claims of Rs 442 crore were raised due to payment defaults by the a
company, against which claims of Rs 442 crore were raised due to payment defaults by the airline.
PNB MetLife India
Insurance Co. Ltd. is a joint venture between MetLife Inc. — the holding corporation for US - based Metropolitan Life
Insurance Company (MIHI) and its affiliates, two
public sector banks — Punjab National Bank Limited (PNB) and Jammu & Kashmir Bank Limited (JKB), M. Pallonji and
Company Private Limited and
other private investors.