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LatestLegal Updates 24 June 2026

London Court Orders Nirav Modi to Pay Rs 100 Crore to Bank of India

A London court has ordered fugitive businessman Nirav Modi to pay over Rs 100 crore to Bank of India in a loan recovery case. This ruling comes after a series of similar orders from the London Circuit Commercial Court.

London Court Orders Nirav Modi to Pay Rs 100 Crore to Bank of India

A London court has ordered fugitive businessman Nirav Modi to pay over Rs 100 crore to Bank of India in a loan recovery case. This ruling comes after a series of similar orders from the London Circuit Commercial Court.

Background: Nirav Modi, a fugitive Indian diamond merchant, is currently fighting several cases in India and abroad for alleged bank fraud and money laundering. In a separate case, he has been ordered to pay over Rs 100 crore to Bank of India.

  • A London court has ruled that Nirav Modi must pay over Rs 100 crore to Bank of India.
  • The ruling comes after a series of similar orders from the London Circuit Commercial Court.
  • Nirav Modi is currently facing several cases in India and abroad for alleged bank fraud and money laundering.

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