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According to reports, Nirav Modi denied to repay the debt to Punjab National Bank saying that the bank went public for the unpaid debts. He has allegedly written a letter to the bank saying that he has taken a loan of less than Rs 5,000 crore and not what the bank has mentioned in its complaint.

BY AISHWARYA | FEB 20, 2018 9:45 AM #NIRAVMODI #BUSINESS NEWS

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