PMLA court orders release of ₹1000 crore worth assets of Nirav Modi to NCLT appointed liquidator

The orders came in the proceedings lodged by ED against accused persons including Nirav Modi for laundering money to the tune of more than ₹7000 crores.

Firestar International Limited, Nirav Modi

Published on:

20 Aug 2021, 4:43 am

1 min read

A Special Court in Mumbai under the Prevention of Money Laundering Act (PMLA) recently permitted release of properties linked to fugitive businessman Nirav Modi in favour of liquidator appointed by the National Company Law Tribunal, Mumbai (NCLT) for Modi's flagship company, Firestar International Ltd. (FIL)

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Nirav Modi

Prevention of Money Laundering Act

PNB Scam

National Company Law Tribunal Mumbai

Special PMLA Court

Firestar International Ltd