UK Court Orders Nirav Modi to Pay Bank of India

{"root":{"type":"root","format":"","indent":0,"version":1,"children":[{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"UK Court Orders Nirav Modi to Pay Bank of India","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"A UK court has dealt a fresh setback to fugitive diamond businessman Nirav Modi, ordering him to pay over ₹100 crore to Bank of India in a loan recovery case.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Loan Recovery Case","type":"text","style":"","detail":0,"format":1,"version":1},{"mode":"normal","text":": The London Circuit Commercial Court delivered the judgment on Tuesday, ruling in favor of the bank and holding that Modi was legally responsible for the debt.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Fugitive Businessman","type":"text","style":"","detail":0,"format":1,"version":1},{"mode":"normal","text":": Nirav Modi is currently lodged in a London prison and is facing a larger fraud case in India. The ruling is significant as it deals with a separate recovery claim, apart from the larger fraud case pending against him.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"London Court Ruling","type":"text","style":"","detail":0,"format":1,"version":1},{"mode":"normal","text":": In its judgment, the London Circuit Commercial Court stated that Modi was legally responsible for the debt and ordered him to pay the amount to Bank of India.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Nirav Modi's Response","type":"text","style":"","detail":0,"format":1,"version":1},{"mode":"normal","text":": There was no immediate response from Nirav Modi's lawyers regarding the court ruling.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"type":"link","fields":{"rel":"noopener noreferrer nofollow","url":"https://www.timesofindia.com/...","newTab":true,"linkType":"custom"},"format":"","indent":0,"version":2,"children":[{"mode":"normal","text":"Read the full article on **The Times of India**","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"type":"link","fields":{"rel":"noopener noreferrer nofollow","url":"https://indialegallive.com/...","newTab":true,"linkType":"custom"},"format":"","indent":0,"version":2,"children":[{"mode":"normal","text":"Read the full article on **India Legal Live**","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"}],"direction":"ltr"}],"direction":"ltr"}}

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