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.
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.
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.
Allu Arjun imitates Priya Prakash Varrier's wink in the most adorable manner
The actress is now busy with the shoot of Oru Adaar love film in Tamil which will be ready for release soon. Actor Allu Arjun and Allu Ayaan recreate Priya Prakash Varrier's bullet kiss Scene and it is adorable.
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 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 03 2018
WWE Raw: Reigns calls out Lesnar, Rousey demands an apology
Lesnar had come to Las Vegas the day before as the photograph going around of him with Dana White was taken on Sunday afternoon. Speaking on SiriusXM UFC president White was asked whether a UFC return was on the cards for wrestling star Brock Lesnar.
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
Watch Ester Ledecka make history, win gold medals in two different sports
However, she admitted it had not always been easy to deal with the pressure of having so many great expectations on her shoulders. She had not worn makeup, preferring to keep her eyes shielded from the roomful of reporters and cameras.
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.
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 25 2018
Woods hot, Scott claws back at PGA Honda
Make sure you're altering your lineup before the morning tee times you were a believer.The mystery for gamers that is J.B. Woods is just four shots off leaders, the American tandem of Luke List (66) and Jamie Lovemark (69), at three under par .
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
Utterly ridiculous: Jennifer Lawrence blasts media over dress controversy
She was reluctant because she had been hacked in 2014 and was devastated when nude photos of her were spread across the internet. The actress added, "Even friends, for many years, were not as important to me as my career".
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 2018Sharma holds onto lead at WGC Mexico
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 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 2018China Communist Party has proposed removing presidential term limits
Feb 25 2018Trump tax cut fuels record profit for Buffett's Berkshire
Feb 25 2018We are turning TAPI into reality: PM Abbasi
Feb 24 2018Celtic lacked real courage, says Rodgers
Mar 05 2018Kell Brook claims comeback win over Sergey Rabchenko
Mar 05 2018Russian Federation dismisses new 'invincible' weapons as new arms race
Mar 04 2018World''s most sophisticated weather satellite to launch shortly
Mar 03 2018Oakland mayor doesn't 'regret' tipping off immigrants ahead of ICE raids
Mar 03 2018Harvey Weinstein 'Casting Couch' Statue Pops Up in Hollywood
Mar 01 2018Iraq court sentences 16 Turkish women to death for joining IS
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 2018Jimmy Butler suffers right knee injury, MRI scheduled Saturday
Feb 25 2018We can cope without Alderweireld, says Pochettino
Feb 25 2018At least 13 injured after 'explosion' on board ferry at Mexico resort
Feb 24 2018Trump Defends Second Amendment At CPAC And Warns of Dems Taking Office