UK court orders Nirav Modi to pay ₹100 cr to Bank of India in loan recovery case

A UK court has ruled that Nirav Modi, the fugitive diamond tycoon, must repay ₹100 crore (approximately $14 million USD) to the Bank of India, stemming from a loan taken out through a Dubai-based company where Modi personally guaranteed repayment. This decision highlights the ongoing efforts to recover funds from high-profile defaulters and underscores the international legal mechanisms in place to pursue such recoveries. The ruling could have broader implications for other global loan recovery cases involving international fugitives and underscores the seriousness of financial misconduct on a global scale.