Business
Archived — This article has been archived. The information may be outdated.
UK High Court orders Nirav Modi to pay Bank of India over USD 11.5 million on personal guarantee
The Hindu··25 Jun
The Hindu reported Justice Simon Tinkler found the personal guarantee enforceable with USD 4.1 million principal plus interest accrued to March 2026 on a Dubai firm loan separate from the USD 2 billion PNB fraud extradition case Modi fights from prison.
Prism
What It Means For You
- Separate UK civil ruling adds to Modi's legal woes.
- Extradition fight continues independently of bank case.
- Indian banks pursue overseas recovery routes.
What's Happening
- London court ruled Modi must pay Bank of India.
- Total due exceeds USD 11.5 million with interest.
- Valid service of October 2025 demand was confirmed.
Case Separation
- This is a commercial guarantee recovery claim.
- PNB fraud extradition case proceeds separately.
- Modi has been in UK prison since 2019 arrest.
all-news
