How the UK High Court Held Nirav Modi Liable to Pay ₹100 Crore Under Personal Guarantee to Bank of India
The High Court of Justice in London has held that Nirav Modi is personally liable to Bank of India for more than $11 million, equivalent to over ₹100 crore, under a personal guarantee executed in favour of the bank in 2013. The Court rejected all major objections raised by Modi and ruled that the guarantee remained valid, binding and enforceable. Case Before The Commercial Court The judgment was delivered by…
