PNB Scam : Nirav Modi's Brother-in-Law Agrees Before Supreme Court To Give Authorisation To CBI For Bank Accounts
1 year, 11 months ago

PNB Scam : Nirav Modi's Brother-in-Law Agrees Before Supreme Court To Give Authorisation To CBI For Bank Accounts

Live Law  

The Supreme Court on Thursday directed the Bombay High Court to consider afresh the plea of Nirav Modi’s brother-in-law Mainak Mehta to travel back to his home in Hong Kong. The bench comprising Chief Justice DY Chandrachud, Justice PS Narasimha, and Justice JB Pardiwala, took note of the fact that Mehta was willing to give authorisation to CBI so it may directly approach banks for. The bench comprising Chief Justice DY Chandrachud, Justice PS Narasimha, and Justice JB Pardiwala, took note of the fact that Mehta was willing to give authorisation to CBI so it may directly approach banks for disclosure of his account statements, and also furnish security as required. The CBI had approached the Apex Court against the Bombay High Court order allowing Mehta to travel to his home in Hong Kong.

Travel Justice Supreme Court High Court Court Hong Kong Bank High Mehta Cbi His Home Dy Chandrachud Nirav Modi Mainak Mehta  authorisation  nirav  bank  modis  mehta  travel  pnb  high  willing  court  brotherinlaw  supreme  scam  cbi  kong  order  hong  justice

History of this topic

PNB fraud: ED attaches fugitive Nirav Modi’s properties, bank balance worth ₹29.75 crore
3 months, 4 weeks ago

PNB fraud: ED attaches fugitive Nirav Modi’s properties, bank balance worth ₹29.75 crore

Live Mint  

The Enforcement Directorate on Wednesday said it has provisionally attached “proceeds of crime” in the form of immovable properties and bank balances amounting to ₹29.75 crore in a case related to Punjab National Bank fraud by fugitive businessman Nirav Modi. In a statement, the ED said: “During course of investigation, assets worth ₹29.75 Crore of Nirav Modi & his group …

UK Court orders Nirav Modi to pay $8 million to Bank of India
10 months ago

UK Court orders Nirav Modi to pay $8 million to Bank of India

Live Mint  

The High Court in London has dealt a significant blow to jailed diamantaire Nirav Modi, issuing a summary judgment ordering him to pay $8 million to the Bank of India. According to court documents, BOI had extended a $9 million credit facility to Firestar, but when the bank demanded repayment in 2018, Modi was unable to honour the commitment. As …

Calcutta HC orders transfer of special CBI judge; summons state law minister
1 year, 3 months ago

Calcutta HC orders transfer of special CBI judge; summons state law minister

Hindustan Times  

The Calcutta high court on Wednesday ordered the transfer of special Central Bureau of Investigation court judge Arpan Chattopadhyay by October 4 for intervening in a high court order in connection with the West Bengal teachers’ recruitment scam. Calcutta high court A single bench of justice Abhijit Gangopadhay observed that when the central agency probe in the matter was being …

Interpol takes down Red Notice against Mehul Choksi
1 year, 9 months ago

Interpol takes down Red Notice against Mehul Choksi

The Hindu  

In a major setback to Indian agencies, the Interpol has taken down from its website the Red Notice against fugitive diamond merchant Mehul Choksi, who is wanted in connection with the ₹13,578-crore Punjab National Bank fraud cases. The Interpol took the decision following a representation by Mr. Choksi, who has been declared a fugitive by an Indian court, based on …

Mehul Choksi off Interpol's wanted list, can travel freely across world
1 year, 9 months ago

Mehul Choksi off Interpol's wanted list, can travel freely across world

India Today  

Interpol has withdrawn the Red Corner Notice issued against fugitive businessman Mehul Choksi. Mehul Choksi had recently filed a petition before the Antigua High Court making the Indian government respondents in the case. Mehul Choksi and his nephew Nirav Modi are accused of orchestrating India's biggest banking fraud, which is estimated to be around $2 billion. Also Read | CBI …

On SBI's Plea, Supreme Court Stays HC Order Allowing Director Of Company In Multi-Crore Loan Default To Travel Abroad
1 year, 9 months ago

On SBI's Plea, Supreme Court Stays HC Order Allowing Director Of Company In Multi-Crore Loan Default To Travel Abroad

Live Law  

The Supreme Court on Thursday urgently heard a petition filed by the State Bank of India to stay an order passed by the Bombay High Court which allowed a loan defaulter to travel abroad.Solicitor General of India Tushar Mehta, appearing for the SBI, mentioned the matter before Chief Justice of India Chandrachud seeking urgent hearing, raising the apprehension that the …

Mehul Choksi's petition documents for quashing CBI FIR is missing, needs to be reconstructed
1 year, 11 months ago

Mehul Choksi's petition documents for quashing CBI FIR is missing, needs to be reconstructed

India Today  

On Thursday, when one of the petitions filed by fugitive diamantaire Mehul Choksi came up for hearing before the Bombay High Court, his lawyer claimed the petition was not traceable. Advocate Rahul Agarwal, representing Choksi, told the bench of Justices NW Sambre and RN Laddha that due to lockdown and shifting of office, he was not able to find his …

Fresh FIRs against Mehul Choksi in PNB bank loan fraud case
2 years ago

Fresh FIRs against Mehul Choksi in PNB bank loan fraud case

Op India  

The Central Bureau of Investigation on Friday filed three fresh FIRs against fugitive diamantaire Mehul Choksi and two jewellery brands, Nakshatra Brands Limited and Gitanjali Gems Limited. The FIRS were against Nakshatra Brands Ltd and Gitanjali Gems Ltd, Mehul Choksi, who is the managing director of Gitanjali Gems Ltd and guarantor for Nakshatra Brands Ltd; Dhanesh Vrajlal Sheth, director of …

Nirav Modi loses bid to appeal against extradition in UK Supreme Court
2 years ago

Nirav Modi loses bid to appeal against extradition in UK Supreme Court

Deccan Chronicle  

LONDON: Nirav Modi, the fugitive diamond merchant wanted in India to stand trial on fraud and money laundering charges, on Thursday suffered another setback in his legal battle against his extradition as the High Court in London denied him permission to appeal against his extradition order in the UK Supreme Court. In a judgment order pronounced at the Royal Courts …

Setback to Nirav Modi As London HC Denies Request to Appeal to Supreme Court Against Extradition to India
2 years ago

Setback to Nirav Modi As London HC Denies Request to Appeal to Supreme Court Against Extradition to India

News 18  

The High Court in London on Thursday refused fugitive diamond merchant Nirav Modi’s application to appeal to the UK Supreme Court against his extradition to India to face charges of fraud and money laundering. In a judgment order pronounced at the Royal Courts of Justice in London, Lord Justice Jeremy Stuart-Smith and Justice Robert Jay ruled that “the Appellant’s application …

CBI court seeks bank account details of Nirav Modi's brother-in-law from Singapore
2 years, 1 month ago

CBI court seeks bank account details of Nirav Modi's brother-in-law from Singapore

India Today  

A special CBI court in Mumbai has issued a request to authorities in Singapore seeking details of the bank account of Mainak Mehta, the brother-in-law of fugitive diamantaire Nirav Modi. Mehta stated that he had only known about the Enforcement Directorate case, and that the husband-and-wife duo had informed the court dealing with the ED case, the PMLA court, that …

Delhi High Court allows Mehbooba Mufti to withdraw plea in PMLA case
2 years, 1 month ago

Delhi High Court allows Mehbooba Mufti to withdraw plea in PMLA case

India TV News  

Mehbooba Mufti news : The Delhi High Court today allowed the withdrawal of the plea filed by former Jammu and Kashmir Chief Minister Mehbooba Mufti challenging the vires of the Prevention of Money Laundering Act. The plea filed by former J&K CM Mehbooba Mufti was allowed the withdrawal by the Delhi High Court. Earlier, the Delhi High Court had refused …

Nirav Modi Approaches UK High Court To Challenge His Extradition Order
2 years, 1 month ago

Nirav Modi Approaches UK High Court To Challenge His Extradition Order

News 18  

Fugitive merchant Nirav Modi, who was involved in 2 billion dollar Punjab National Bank loan scam case, has filed an application in a UK High Court, seeking permission to appeal against his extradition order in the Supreme Court. After the appeal, the Crown Prosecution Service, acting on behalf of the Indian authorities, will respond to the latest application of extradition …

Nirav Modi seeks permission to appeal extradition in UK top court
2 years, 1 month ago

Nirav Modi seeks permission to appeal extradition in UK top court

Firstpost  

Fugitive diamond merchant Nirav Modi has filed an application in the High Court in London, seeking permission to appeal against his extradition order in the Supreme Court. London: Fugitive diamond merchant Nirav Modi has filed an application in the High Court in London, seeking permission to appeal against his extradition order in the Supreme Court. The 51-year-old diamantaire lost an …

Fugitive Nirav Modi seeks permission to appeal against extradition in UK top court
2 years, 1 month ago

Fugitive Nirav Modi seeks permission to appeal against extradition in UK top court

India Today  

Fugitive diamond trader Nirav Modi has filed an application before the UK high court for permission to appeal against his extradition to India in the UK Supreme Court. Indian authorities through Crown Prosecution Service will file their submission before the UK high court on the application of Nirav Modi, following which a judge will give a ruling on paper. The …

India welcomes UK HC's order on Nirav Modi extradition: ‘Want to bring him...’
2 years, 1 month ago

India welcomes UK HC's order on Nirav Modi extradition: ‘Want to bring him...’

Hindustan Times  

India on Thursday welcomed the United Kingdom High Court decision to reject fugitive diamantaire Nirav Modi's appeal against his extradition. India welcomes UK HC's order on Nirav Modi extradition: ‘Want to bring him.’ Ministry of External Affairs spokesperson Arindam Bagchi said the government 'wants to bring Nirav Modi to India as soon as possible'. The court on Wednesday dismissed Modi’s …

Explained: How Nirav Modi can still avoid extradition and what India can do to beat his tricks
2 years, 2 months ago

Explained: How Nirav Modi can still avoid extradition and what India can do to beat his tricks

Firstpost  

Diamond merchant Nirav Modi lost his appeal against extradition to India. However, he still has a few options left before he is brought back to the country to face trial in the Rs 13,758-crore Punjab National Bank fraud case After over two years, Nirav Modi, the fugitive diamond businessman, who fled the country and took refuge in London is a …

What is the PNB fraud case against Nirav Modi and will the fugitive finally be forced to return home?
2 years, 2 months ago

What is the PNB fraud case against Nirav Modi and will the fugitive finally be forced to return home?

Firstpost  

The High Court in London has allowed the extradition of fugitive diamantaire Nirav Modi to India. He fled the country in January 2018, days before the scam was uncovered Fugitive diamond billionaire Nirav Modi’s appeal against extradition to India has been turned down by the High Court in London today. According to Indian Express, the transcripts of Nirav Modi’s conversations …

UK Court clears extradition of fugitive Nirav Modi to India
2 years, 2 months ago

UK Court clears extradition of fugitive Nirav Modi to India

Op India  

In a big victory for the Indian government, UK High Court has ordered the extradition of fugitive Nirav Modi to India. The High Court rejected diamond merchant Nirav Modi’s petition against his extradition, paving the way to bring him back to India. The court had also said that it will consider the assurances given by the Indian government, rejecting 51-year-old …

PNB Scam Case: UK court allows Nirav Modi's extradition to India
2 years, 2 months ago

PNB Scam Case: UK court allows Nirav Modi's extradition to India

Firstpost  

In its ruling on Wednesday, the London High Court ruled that the extradition of Nirav Modi to India will not be unjust. Nirav Modi is the prime accused in the PNB scam case Nirav Modi Extradition: In a big breakthrough for Indian agencies, a London court cleared the extradition of fugitive businessman Nirav Modi to India. Nirav Modi is the …

Nirav Modi a suicide risk? This is what UK Court said while approving his extradition to India
2 years, 2 months ago

Nirav Modi a suicide risk? This is what UK Court said while approving his extradition to India

India Today  

A high court in the United Kingdom rejected fugitive diamond trader Nirav Modi's plea against an extradition order to India filed on mental health grounds. The court, while rejecting Nirav Modi’s appeal, relied on the Indian government’s assurance that his mental health condition and risk of suicide would be taken care of by a panel of experts and doctors. Nirav …

Nirav Modi to be extradited to India as he loses appeal in British court
2 years, 2 months ago

Nirav Modi to be extradited to India as he loses appeal in British court

India Today  

A high court in the United Kingdom on Wednesday rejected fugitive diamantaire Nirav Modi's plea against extradition to India to face fraud and money laundering charges. However, the Royal Courts of Justice noted that extraditing Nirav Modi wouldn’t be "unjust or oppressive". On October 12, the court had reserved its judgment on Nirav Modi's plea against the verdict of Westminster …

Last leg of Nirav Modi hearing to start today
2 years, 2 months ago

Last leg of Nirav Modi hearing to start today

Hindustan Times  

More than three years after the arrest of fugitive diamond merchant Nirav Modi, in March 2019, the London high court will hear his much-delayed appeal. In February 2021, the Westminster Magistrates’ Court had found no bars to Modi’s extradition to India, but during the appeal application, his legal team managed to convince the high court to accept fresh evidence. “The …

PNB scam case: Former V-P of Mehul Choksi's Gitanjali Group gets bail
2 years, 4 months ago

PNB scam case: Former V-P of Mehul Choksi's Gitanjali Group gets bail

India Today  

The Bombay High Court on Thursday granted bail to Vipul Chitalia, former vice-president of Mehul Choksi-promoted Gitanjali Group and an accused in the multi-crore Punjab National Bank scam. However, Aggarwal pointed to the ground of parity where he stated that Chitalia's co-accused, who signed the LOUs with him, was granted bail soon after the first chargesheet was filed in the …

CBI summons Nirav Modi's brother-in-law in bank fraud case
2 years, 5 months ago

CBI summons Nirav Modi's brother-in-law in bank fraud case

India Today  

The Central Bureau of Investigation has issued a summon to fugitive diamantaire Nirav Modi’s brother-in-law Maiank Mehta. MAIANK MEHTA GRANTED PROTECTION FROM ACTION Senior lawyer Raja Thakare appearing for CBI said, “We have made a statement that he is a suspect. Or if the material is such, then he can be made an approver.” The bench of Justice PD Naik …

U.K. High Court hears Nirav Modi plea against extradition to India
2 years, 6 months ago

U.K. High Court hears Nirav Modi plea against extradition to India

The Hindu  

A British court on June 28 opened the continuation appeal hearing in the extradition case of Nirav Modi, who is wanted in India on the charges of fraud and money laundering amounting to an estimated $2 billion in the Punjab National Bank loan scam case. Lord Justice Jeremy Stuart-Smith and Justice Robert Jay presided over an initial hearing at the …

Nirav Modi extradition appeal to be heard in UK High Court on June 28
2 years, 8 months ago

Nirav Modi extradition appeal to be heard in UK High Court on June 28

India Today  

The continuation appeal hearing in the extradition case of Nirav Modi, the fugitive diamond merchant wanted in India to face charges of fraud and money laundering amounting to an estimated USD 2-billion Punjab National Bank scam case, is listed to be heard in the High Court in London on June 28. Lord Justice Jeremy Stuart-Smith and Justice Robert Jay presided …

Nirav Modi's close aide brought back to India by CBI in PNB scam case
2 years, 8 months ago

Nirav Modi's close aide brought back to India by CBI in PNB scam case

India Today  

Subhash Shankar, a close aide of fugitive diamantaire Nirav Modi, has been brought back to Mumbai by the CBI after he was nabbed in Cairo. This was a major operation by CBI officials investigating Nirav Modi in connection with the PNB fraud case. Nirav Modi is wanted in India on charges of fraud and money laundering in the estimated USD …

Rs 18,000 crore recovered from Vijay Mallya, Nirav Modi, Mehul Choksi
2 years, 10 months ago

Rs 18,000 crore recovered from Vijay Mallya, Nirav Modi, Mehul Choksi

Op India  

The Central Government has told to the Supreme Court that Rs 18000 crore have been returned to the banks which were stifled by fugitives Vijay Mallya, Nirav Modi, and Mehul Choksi until now. While comparing the numbers with the global data, Tushar Mehta added, “very small number of cases are being taken up for investigation under the PMLA as compared …

18,000 crore recovered from Vijay Mallya, Nirav Modi, Mehul Choksi: Government
2 years, 10 months ago

18,000 crore recovered from Vijay Mallya, Nirav Modi, Mehul Choksi: Government

Hindustan Times  

Banks have recovered ₹18,000 crore from fugitives Vijay Mallya, Nirav Modi and Mehul Choksi, Solicitor General Tushar Mehta told the Supreme Court on Wednesday. Mehta told the top court bench, led by Justice AM Khanwilkar, that the value of cases registered under the Prevention of Money Laundering Act against Mallya, Modi, and Choksi is now ₹67,000 crore. Vijay Mallya is …

Mehul Choksi moves Bombay HC seeking to suspend ED’s fugitive proceedings
3 years, 1 month ago

Mehul Choksi moves Bombay HC seeking to suspend ED’s fugitive proceedings

Live Mint  

Diamantaire Mehul Choksi has moved the Bombay High Court with the request that the proceedings initiated by the Enforcement Directorate to declare him a fugitive economic offender be kept in abeyance. Back in 2019, the ED had moved an application before the PMLA court seeking that Choksi be declared a FEO under the Fugitive Economic Offenders Act, 2018. Choksi, one …

Properties worth Rs 500 crore of Nirav Modi firms restored to PNB
3 years, 4 months ago

Properties worth Rs 500 crore of Nirav Modi firms restored to PNB

India TV News  

A special court in Mumbai on Friday allowed 'restoration' of properties worth Rs 500 crore of fugitive jeweler Nirav Modi's firms to Punjab National Bank. This is the third such order in a span of about two weeks, with the total value of properties owned by Nirav Modi's companies being restored in this manner now standing at approximately Rs 1,000 …

Nirav Modi Cites Suicide Risk, Lack of Mental Health Support in India in New Extradition Appeal
3 years, 5 months ago

Nirav Modi Cites Suicide Risk, Lack of Mental Health Support in India in New Extradition Appeal

News 18  

Fugitive diamantaire merchant Nirav Modi on Wednesday cited poor conditions of Indian jails and increased “risk” of depression that may lead to suicide as arguments in a fresh appeal against extradition in the UK. Justice Martin Chamberlain presided over the “renewal application” hearing, held under the court’s COVID-19 video conferencing setting, and has reserved his judgment, to be handed down …

PNB moves court seeking restoration of assets of Nirav Modi’s firms confiscated by ED
3 years, 5 months ago

PNB moves court seeking restoration of assets of Nirav Modi’s firms confiscated by ED

Live Mint  

The Punjab National Bank on Wednesday moved multiple applications before a special PMLA court here, seeking restoration of the assets of two firms owned by fugitive diamond merchant Nirav Modi, who is accused of duping the bank. The Enforcement Directorate had earlier confiscated assets worth over ₹329.66 crore of Nirav Modi under the fugitive economic offenders law. The confisticated property …

Delhi High Court Adjourns Mehbooba Mufti's Plea Challenging Vires Of PMLA To August 13
3 years, 5 months ago

Delhi High Court Adjourns Mehbooba Mufti's Plea Challenging Vires Of PMLA To August 13

Live Law  

The Delhi High Court has adjourned to August 13 hearing in the plea filed by Former Chief Minister of Jammu and Kashmir, Mehbooba Mufti challenging vires of the Prevention of Money Laundering Act, 2002. A division bench comprising of Chief Justice DN Patel and Justice Jyoti Singh adjourned the matter on the request of Solicitor General of India, Tushar Mehta. …

U.K. approves Nirav Modi’s extradition in PNB fraud case
3 years, 8 months ago

U.K. approves Nirav Modi’s extradition in PNB fraud case

The Hindu  

The U.K.’s Home Department has approved the extradition of diamond merchant Nirav Modi to India in connection with the ₹13,758-crore Punjab National Bank fraud, about two months after the Westminster Magistrates’ Court in London ruled that a prima facie case was made out against him. Of Friday’s decision, a U.K. Home Office spokesperson said, “On February 25, the District Judge …

PNB Fraud: Warrant Against Nirav Modi's Sister, Brother-in-law Kept in Abeyance
3 years, 9 months ago

PNB Fraud: Warrant Against Nirav Modi's Sister, Brother-in-law Kept in Abeyance

News 18  

A special PMLA court on Thursday kept in abeyance the warrant issued against the sister and brother-in-law of fugitive diamond merchant Nirav Modi till further orders. Modi's sister Purvi and her husband Maiank Mehta had "turned approvers" in the USD 2 billion PNB fraud case, in which Modi and his uncle Mehul Choksi are the prime accused. Modi, who is …

On the difficult trail of India’s most wanted
3 years, 9 months ago

On the difficult trail of India’s most wanted

The Hindu  

I am not an uncompromising admirer of the Central Bureau of Investigation, despite the fact that I was once director of the crucial agency. The Nirav Modi, Mallya cases For example, the Nirav Modi case which was very much in the news recently is testimony to the CBI’s capacity to execute a professional job, provided it is given a free …

PNB Scam: UK Court Allows Nirav Modi's Extradition, Says 'He Has A Case To Answer In India'
3 years, 10 months ago

PNB Scam: UK Court Allows Nirav Modi's Extradition, Says 'He Has A Case To Answer In India'

ABP News  

In a major blow to Nirav Modi, a UK court on Thursday allowed the fugitive diamantaire, wanted in PNB scam case, to extradite to India for a trail. Nirav Modi is the subject of two sets of criminal proceedings, with the Central Bureau of Investigation case relating to a large-scale fraud upon Punjab National Bank by obtaining illegal letters of …

UK judge clears Nirav Modi's extradition, says no evidence to suggest he will not receive justice in India
3 years, 10 months ago

UK judge clears Nirav Modi's extradition, says no evidence to suggest he will not receive justice in India

Hindustan Times  

Jailed diamond merchant Nirav Modi can be extradited to India to face charges of fraud and money laundering, a UK court ruled on Thursday. A UK judge cleared Nirav Modi's extradition to India on Thursday Stating that Modi's link with the Punjab National Bank officials has been established, the court said that the Central Bureau of Investigation's probe demonstrates his …

Nirav Modi to be extradited to India: Timeline of his arrest in $2 billion PNB fraud case
3 years, 10 months ago

Nirav Modi to be extradited to India: Timeline of his arrest in $2 billion PNB fraud case

India Today  

A UK court on Thursday ruled that fugitive diamantaire Nirav Modi can be extradited to India to face charges of fraud and money laundering amounting to an estimated $2 billion. Nirav Modi wanted in India on charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank scam case, lost his legal battle against extradition on all …

PNB Scam: Nirav Modi's Sister Moves Court to Get Non-bailable Warrants Cancelled
3 years, 11 months ago

PNB Scam: Nirav Modi's Sister Moves Court to Get Non-bailable Warrants Cancelled

News 18  

Mumbai: Fugitive diamond trader Nirav Modi's sister and her husband on Thursday approached a court here seeking cancellation of non-bailable warrants against them in the Punjab National Bank fraud case. Purvi Modi, Nirav Modi's younger sister, is a Belgian national while her husband Maiank Mehta is a British citizen. "Purvi Modi and her husband Maiank Mehta turned approver for assisting …

Nirav Modi's Extradition Soon? Fugitive Diamantaire's Trial Concludes, Verdict Expected On Feb 25
4 years ago

Nirav Modi's Extradition Soon? Fugitive Diamantaire's Trial Concludes, Verdict Expected On Feb 25

ABP News  

PM Narendra Modi To Meet All Chief Ministers Ahead Of Coronavirus Vaccine Rollout The hearing of the Nirav Modi extradition case concluded on Friday, and it can be hoped that the Indian Authorities are one step closer to bringing the fugitive back. Modi who is accused of defrauding the Punjab National bank in India was arrested from the Central Bank …

Nirav Modi’s extradition case to be heard by UK court on Tuesday
4 years, 2 months ago

Nirav Modi’s extradition case to be heard by UK court on Tuesday

Hindustan Times  

The Westminster Magistrates Court will hold a one-day hearing on Tuesday in the Nirav Modi extradition case, days after he was refused bail for the sixth time on October 26. Fugitive diamantaire Nirav Modi’s sixth bail request was denied by UK’s Westminster Magistrates Court. The case was heard over five days in September when former Supreme Court judge Markandey Katju …

[Breaking] Supreme Court Orders Transfer To Itself All Pleas Challenging Provisions of Insolvency & Bankruptcy Code On Personal Guarantors [Read Order]
4 years, 2 months ago

[Breaking] Supreme Court Orders Transfer To Itself All Pleas Challenging Provisions of Insolvency & Bankruptcy Code On Personal Guarantors [Read Order]

Live Law  

The Supreme Court has ordered the transfer of petitions pending across High Courts, challenging the provisions of Insolvency & Bankruptcy Code pertaining to the issues of personal guarantors.A bench comprising Justices L Nageswara Rao, Hemant Gupta & Ajay Rastogi heard the matter.The plea had been filed by IBBI seeking transfer on the ground of multiplicity of proceedings and to. The …

PNB scam case: UK court rejects Nirav Modi’s latest bail attempt
4 years, 2 months ago

PNB scam case: UK court rejects Nirav Modi’s latest bail attempt

Hindustan Times  

A UK court on Monday rejected the latest bail plea of fugitive diamond merchant Nirav Modi, who has been lodged in a London prison since his arrest on an extradition warrant in March last year. The application was reportedly made on the basis of “new evidence”, but Westminster Magistrates’ Court District Judge Samuel Goozee was not convinced to reverse previous …

SC rejects SBI plea for resuming insolvency proceedings against Anil Ambani; matter listed for 6 Oct
4 years, 3 months ago

SC rejects SBI plea for resuming insolvency proceedings against Anil Ambani; matter listed for 6 Oct

Firstpost  

The State Bank of India had moved the apex court to recover Rs 1,200 crore that it had loaned to two firms of the then-chairman of Reliance Communications New Delhi: The Supreme Court Thursday dismissed a plea by State Bank of India seeking resumption of insolvency proceedings against the then chairman of Reliance Communications, Anil Ambani, to recover Rs 1,200 …

Nirav Modi's Mental Health, Indian Prisons in Focus at UK Extradition Case
4 years, 4 months ago

Nirav Modi's Mental Health, Indian Prisons in Focus at UK Extradition Case

News 18  

Nirav Modi’s fragile mental health and the prison conditions in India were once again in focus during the fugitive diamond merchant’s ongoing extradition hearing related to the Punjab National Bank scam case at a UK court here on Wednesday. The third day of the five-day hearing at Westminster Magistrates’ Court, presided over by Justice Samuel Goozee, was devoted to the …

PNB Receives Rs 24 Crore from US Bankruptcy Proceedings of 3 Nirav Modi-promoted Firms: Govt
4 years, 4 months ago

PNB Receives Rs 24 Crore from US Bankruptcy Proceedings of 3 Nirav Modi-promoted Firms: Govt

News 18  

The Ministry of Corporate Affairs on Tuesday said Punjab National Bank has received over Rs 24 crore as the first tranche of recoveries from bankruptcy proceedings of three Nirav Modi-promoted companies in the US. In 2018, the lender had informed the ministry that three companies promoted by Nirav Modi — Firestar Diamond, Inc, A Jaffee, Inc and Fantasy, Inc had …

Discover Related