Mar 05 2018
Synergies are then wholly owned by Firestar Holdings Ltd, a Hong Kong corporation, which is then wholly owned by Modi's Indian company Firestar International Ltd, according to the filing made in the United States Bankruptcy Court Southern District of NY.
According to the CBI, Gokulnath Shetty and another bank employee Manoj Kharat issued eight letters of understanding (LOU) worth over Rs. 280 crores to Nirav Modi's company just three months before Shetty retired in May 2017.
Entering an order for relief, the U.S. bankruptcy court in the Southern District of NY said that the filing of case imposed an automatic stay against most collection activities.
Meanwhile, the USA court granting relief to Mr. Modi from creditors warned in its order, "Creditors who violate the stay can be required to pay actual and punitive damages and attorney's fees". It added that while the stay is in effect, creditors can not sue, assert a deficiency, repossess property, or otherwise try to collect from the debtor. "Creditors can not demand repayment from the debtor by mail, phone, or otherwise".
"Creditors who violate the stay can be required to pay actual and punitive damages and attorney fees", the United States court warned in the order, copies of which have been transmitted to multiple stakeholders, including a few dozen creditors.
Harvey Weinstein 'Casting Couch' Statue Pops Up in Hollywood
The all-gold statue features Weinstein sitting on his infamous casting couch , which is propped on top of a red carpet. Called Casting Couch , the statue was unveiled on Thursday by Los Angeles-based street artist Plastic Jesus.
At least 13 injured after 'explosion' on board ferry at Mexico resort
Some of the injuries also included minor cuts and those affected in the incident were taken to a hospital for treatment. The blast has left one side of the ferry, which belongs to the Barcos Caribe company, completely destroyed.
Trump Defends Second Amendment At CPAC And Warns of Dems Taking Office
She wore a Trump hat and scarf, and brought a small Trump figurine for posing for photos with conservative media personalities. President Trump also used the speech to renew his call for Congress to pass a bill funding a wall along the U-S/Mexico border.
Sharma's lawyer Apoorv Vijay Singh told the court his client "had no opportunity to know about the messages" sent on global payments platform SWIFT by other bank officials as he did not have access to SWIFT.
Firestar Diamond submitted a bunch of documents enlisting their creditors and other relevant details about them.
AJI now has jewellery merchandise on consignment with its customers having an aggregate consignment price value of approximately $7,300,000.
"Early expressions of interest in purchasing some or all of the debtors' business operations have been strong", Firestar Diamond said in a court filing on Wednesday.
Firestar Diamond and its affiliates had annual sales of around $90 million, with clients such as Costco Wholesale, Macy's and JC Penney Co Inc., it said.
Mar 05 2018
Four more arrested in PNB fraud
The ED has seized diamonds and other valuables to the tune of around Rs 5,700 crore from Modi's jewellery outlets. The agency has yet to track down Modi and Choksi, who left India in January before the fraud came to light.
Mar 03 2018
Oosthuizen grabs first-round lead at WGC Mexico Championship
Consider Paisley, who describes himself on his Twitter account as a "diminutive golfer from Newcastle, the anti-DJ". Those results came off a superb end to the year, where he won the silverware in three out of his last six stars.
Mar 03 2018
Gold prices dip as dollar remains strong on Powell's comments
Shares of the company, which sells dental and animal health products, dropped $7.49, or 23.7 percent, to $24.09. The yearly increase in the PCE was flat at 1.7% for the third month in a row, below the Fed's 2% target.
Mar 02 2018
Kushner business secured loans from bank bigs after White House meetings
According to reports, Mueller has been looking into the financial dealings of a number of Trump family members, including Kushner. In 2012, the Kushners and Steinmetz joined forces to buy almost $200 million of apartment buildings in the NY metropolitan area.
Mar 01 2018
Attorney Investigating Arizona: DeAndre Ayton 'Abided By All Applicable Rules', 'Fully Eligible'
The 19-year-old freshman dropped a double-double in the first half alone with 17 points and 11 rebounds. Ayton played in Saturday's 98-93 loss to OR and finished the game with 28 points and 19 rebounds.
Mar 01 2018
Iraq court sentences 16 Turkish women to death for joining IS
Under Iraq's anti-terror law, anyone found guilty of joining IS can be handed the death penalty, including non-combatants. One of them told the judge she had taken part in fighting against Iraqi forces alongside the jihadists, he said.
Feb 25 2018
Trump tax cut fuels record profit for Buffett's Berkshire
Net earnings per Class A equivalent share attributable to shareholders jumped to $19,790 from $3,823 past year . Buffett urged investors to stick with stocks even though they can be riskier in the short-term.
Feb 25 2018
Bollywood Actress Sridevi passes away after suffering cardiac arrest
Her brother-in-law Sanjay confirmed the news to indianexpress.com , saying, "It roughly happened around 11-11.30pm". Jhanvi, Sridevi and Boney's elder daughter couldn't join them in Dubai due to her packed shooting schedule.
Feb 24 2018
Walmart's online sales growth slips, rattling investors
Stockholders of record on Friday, August 10th will be paid a dividend of 0.52 per share by the retailer on Tuesday, September 4th. You can see how shares began their drop and steady decline once the earnings were announced hours before the market opened.
Feb 24 2018
Snapchat to scrap parts of controversial redesign following 1.5 million user petition
A reported 1.2 million Snapchat users have now joined hands in a petition for the app to revert back to its old ways. Following the redesign's U.S. debut, more than 30 Change.org petitions were launched in a single day protesting it.
Mar 05 2018Russian Federation dismisses new 'invincible' weapons as new arms race
Mar 04 2018Global oil prices projected to be stable in 2018: OPEC
Mar 04 2018Chinese, US senior officials highlight cooperation to settle trade disputes
Mar 03 2018WWE Raw: Reigns calls out Lesnar, Rousey demands an apology
Mar 02 2018Comcast attempts to outbid Fox for Sky
Mar 01 2018Watch Ester Ledecka make history, win gold medals in two different sports
Feb 26 2018China Communist Party has proposed removing presidential term limits
Feb 25 2018Jimmy Butler suffers right knee injury, MRI scheduled Saturday
Feb 25 2018Allu Arjun imitates Priya Prakash Varrier's wink in the most adorable manner
Feb 25 2018We are turning TAPI into reality: PM Abbasi
Mar 05 2018Kell Brook claims comeback win over Sergey Rabchenko
Mar 04 2018World''s most sophisticated weather satellite to launch shortly
Mar 04 2018Avalanche at California ski resort leaves 2 injured
Mar 04 2018Woods to play at Valspar Championship, Arnold Palmer Invitational
Mar 04 2018Gazprom seeks to halt Ukraine gas contracts as dispute escalates
Mar 02 2018UN Security Council adopts Russian-drafted resolution on renewal of Yemen sanctions
Feb 26 2018Rain and storms tonight; a pleasant finish to the weekend
Feb 26 2018Major quake shakes Papua New Guinea; no tsunami threat to Hawaii
Feb 25 2018We can cope without Alderweireld, says Pochettino
Feb 25 2018Woods hot, Scott claws back at PGA Honda
Feb 24 2018Celtic lacked real courage, says Rodgers
Feb 24 2018Utterly ridiculous: Jennifer Lawrence blasts media over dress controversy