A London high court ruled in favor of Bank of India, holding fugitive diamond businessman Nirav Modi liable for over Rs 100 crore under a personal guarantee.
The ruling was delivered on Tuesday
Jun 24, 2026
10:27 am
What's the storyA London court has ruled in favor of the Bank of India in a loan recovery case against Nirav Modi, holding the fugitive diamantaire liable to pay more than $10.7 million (over ₹100 crore) at current exchange rates.
The ruling was delivered by Judge Simon Tinkler in the London Circuit Commercial Court on Tuesday.
London court orders Nirav Modi to pay Bank of India Rs 100 crore
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A London High Court has ordered fugitive diamantaire Nirav Modi to pay Bank of India over $10.7 million (approximately Rs 100…
LONDON: A London high court judge ruled in Bank of India's favour on Tuesday, holding that fugitive diamond businessman Nirav…
The ruling was in connection with a loan extended to a Dubai-based company, wherein Nirav Modi undertook personal responsibility…
London court orders fugitive Nirav Modi to pay ₹100 crore to Bank of India for defaulting on a loan.
Nirav Modi's Bank of India trial adjourned until March due to U.K. prison delays affecting access to legal documents.
Nirav Modi faces extradition to India for fraud and money laundering charges after six years in UK prison.
