Setback for Nirav Modi; London Court orders diamond merchant to pay Rs 100 cr to Bank of India in loan recovery case

Nirav Modi’s legal team attempted to contest the proceedings, arguing that the guarantee was unenforceable and that the bank had failed to issue a valid demand for payment. 

Setback for Nirav Modi; London Court orders diamond merchant to pay Rs 100 cr to Bank of India in loan recovery case
Nirav Modi’s legal team attempted to contest the proceedings, arguing that the guarantee was unenforceable and that the bank had failed to issue a valid demand for payment.