Last Updated : Apr 26 2019 5:34PM     Screen Reader Access
News Highlights
PM Modi files nominations from Varanasi            Campaigning reaches its peak for 4th phase of LS polls            SC refuses to interfere with EC's order stalling release of PM Modi’s biopic            Apex court directs RBI to disclose information under RTI Act            India bag one gold, two silver medals at Asian Boxing C'ships           

International News

Mar 02, 2018

US court grants interim stay on debt collection from Firestar

A US court has passed an interim order that prevents creditors from collecting debt from Nirav MoAdi-owned Firestar Diamond Inc. after it filed for bankruptcy. 

Nirav Modi, who is being investigated by multiple probe agencies for allegedly cheated the Punjab National Bank to the tune of around 12,000 crore rupees, has a majority stake in Firestar Diamond and its other sister companies. 

Entering an order for relief, the US bankruptcy court in the Southern District of New York said, the filing of case imposed an automatic stay against most collection activities. 

The court said, creditors who violate the stay will have to pay actual and punitive damages and attorneys fees.

Meanwhile, reacting to media reports that Nirav Modi is in the US, the State Department said, it cannot confirm the news. 

Asked if it is providing any assistance to the Indian government in tracing the diamond jeweller, the department's spokesperson said, they would refer the matter to the Department of Justice.

PM’s Exclusive Interview to DD News

Live Twitter Feed

Listen News

Morning News 26 (Apr) Midday News 26 (Apr) News at Nine 25 (Apr) Hourly 26 (Apr) (1705hrs)
समाचार प्रभात 26 (Apr) दोपहर समाचार 26 (Apr) समाचार संध्या 25 (Apr) प्रति घंटा समाचार 26 (Apr) (1700hrs)
Khabarnama (Mor) 26 (Apr) Khabrein(Day) 26 (Apr) Khabrein(Eve) 25 (Apr)
Aaj Savere 26 (Apr) Parikrama 26 (Apr) Lok Ruchi Samachar 21 (Apr)

Listen Programs

Market Mantra 25 (Apr) Samayki 25 (Apr) Sports Scan 25 (Apr) Spotlight/News Analysis 25 (Apr)
    Public Speak

    Country wide 28 (Mar) Surkhiyon Mein 4 (Apr) Charcha Ka Vishai Ha 24 (Apr) Vaad-Samvaad 16 (Apr) Money Talk 16 (Apr) Current Affairs 22 (Mar)