A London High Court has ordered fugitive diamantaire Nirav Modi to pay Bank of India over $10.7 million (approximately Rs 100 crore). The judge found Modi liable under a personal guarantee for a loan to his company, rejecting his defenses. Modi, currently in UK custody for a separate fraud case, had acknowledged the crisis jeopardizing his ability to repay dues.

LONDON: A London high court judge ruled in Bank of India's favour on Tuesday, holding that fugitive diamond businessman Nirav Modi does owe the public sector bank over $10.7…

A London High Court has ordered fugitive diamantaire Nirav Modi to pay Bank of India over $10.7 million (approximately Rs 100 crore). The judge found Modi liable under a personal…

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 in connection with a loan extended to a Dubai-based company, wherein Nirav Modi undertook personal responsibility of repayment. | India News

London court orders fugitive Nirav Modi to pay ₹100 crore to Bank of India for defaulting on a loan.