The lenders will now approach the National Company Law Tribunal (NCLT) with a formal request to initiate liquidation proceedings. The compa...

The lenders are divided over the future of the company as the Enforcement Directorate has initiated proceedings under the Prevention of Mon...

The notice, which acts as an international arrest warrant, mentions that Bhansali (40) is required on charges of "money laundering".

The three-carat gem was shipped at least four times between shadowy cos allegedly controlled by Nirav Modi.

According to officials, Firestar Diamond that filed for bankruptcy in a US court is a subsidiary of one of the companies against whom the N...

The CBI has registered cases against Modi and his companies, and Choksi in connection with the PNB fraud.

Under Chapter 11 of the US Bankruptcy Code, companies are given protection from creditors as they try to reorganise their business with a c...

Meanwhile, top honchos of public sector banks have come under the scanner of the CBI in connection with alleged Rs 321.88 crore loan defaul...

CBI has named Ravi Shankar Gupta as an accused in the third FIR it registered in the case and has also named the Firestar group as one of t...

Last month, PNB revised the amount involved in the fraud to Rs 12,600 crore (around $1.9 billion), a significant markup over the initial co...

The first FIR, based on PNB’s complaint and registered on January 31, said that eight of the socalled letters of undertaking (Lo-Us) or gua...

Countering CBI's submissions made during the remand hearing of Sanjay Rambhia, his lawyer said that he had done his job and pointed out the...

They include Sanjay Rishi of American Express, former PepsiCo executive Gautham Mukkavilli and former Wipro CFO Suresh Senapaty.

The rating downgrade came as the Indian Ratings resolved the Rating Watch Negative (RWN), the action taken earlier for both the companies.

The company now finds itself in the centre of investigations by multiple agencies following the Rs 11,300-crore scam that broke out at PNB.

He opened his first jewellery shop in Thrissur in 1993 with only $100,000, and his business has now expanded to 32 showrooms across South I...

Diamond jewellery designer Nirav Modi has said he will open at least 10 retail stores in India and overseas and introduce pieces at lower p...