LatestLegal Updates 25 June 2026
Nirav Modi Faces Setback in UK Court as Ordered to Repay ₹100 Crore to Bank of India
A London court has directed fugitive diamantaire Nirav Modi to repay ₹100 crore to the Bank of India in a loan recovery case. The judgment comes as a major setback for Modi, who is also the prime accused in the Punjab National Bank scam.
Assisting India's Attempt to Recover Loan
The London Circuit Commercial Court delivered a significant judgment on Tuesday, ruling in favor of the Bank of India in its loan recovery case against fugitive diamantaire Nirav Modi. Modi, also prime accused in the Punjab National Bank scam, has been ordered to repay ₹100 crore to the Bank of India.
Loan Repayment Due Shortly
This is a major setback for Modi, who has been trying to avoid paying back the loan. The judgment is likely to assist India's efforts to bring Modi to book in the ongoing investigation.
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