Last Updated : Feb 16 2019 3:11PM     Screen Reader Access
News Highlights
PM Modi reiterates sacrifices of security personnel in Pulwama terror attack will not go waste; Says, country is proud of our security forces            PM Modi inaugurates several development projects in Yavatmal district of Maharashtra            All Party meeting in New Delhi passes resolution condemning Pulwama terrorist attack            EAM Sushma Swaraj leaves on four-day visit to Bulgaria, Morocco and Spain            PV Sindhu to clash with Saina Nehwal in Women's Singles Final of Senior National Badminton Championship in Guwahati today           

International News

Mar 02, 2018
2:19PM

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.

Live Twitter Feed

Listen News

Morning News 16 (Feb) Midday News 16 (Feb) News at Nine 15 (Feb) Hourly 16 (Feb) (1500hrs)
समाचार प्रभात 16 (Feb) दोपहर समाचार 16 (Feb) समाचार संध्या 15 (Feb) प्रति घंटा समाचार 16 (Feb) (1305hrs)
Khabarnama (Mor) 16 (Feb) Khabrein(Day) 16 (Feb) Khabrein(Eve) 15 (Feb)
Aaj Savere 16 (Feb) Parikrama 15 (Feb) Lok Ruchi Samachar 10 (Feb)

Listen Programs

Market Mantra 15 (Feb) Samayki 15 (Feb) Sports Scan 15 (Feb) Spotlight/News Analysis 14 (Feb)
    Public Speak

    Country wide 14 (Feb) Surkhiyon Mein 14 (Feb) Charcha Ka Vishai Ha 13 (Feb) Vaad-Samvaad 12 (Feb) Money Talk 12 (Feb) Current Affairs 8 (Feb)