LatestLegal Updates 25 June 2026
Nirav Modi Ordered to Pay Rs 100 Crore to Bank of India
A UK court has directed Indian businessman Nirav Modi to pay over Rs 100 crore to Bank of India in a loan recovery case. The ruling comes after a London court delivered a favorable judgment for the bank.
UK Court Orders Nirav Modi to Pay Rs 100 Crore to Bank of India
In a significant ruling, the London Circuit Commercial Court ordered Indian businessman Nirav Modi to pay over Rs 100 crore to Bank of India in a loan recovery case.
- The judgment was delivered by Justice Simon Tinkler of the London Circuit Commercial Court.
- The ruling comes after a long-standing legal battle between Nirav Modi and the Bank of India.
- The Bank had sought recovery of a significant loan amount from Modi, which he had failed to repay.
This ruling is expected to have significant implications for Nirav Modi, who has been embroiled in several high-profile controversies in the past.
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