Lenders agree to liquidate Nirav Modi's Firestar International, feel auction will delay probe

The lenders will now approach the National Company Law Tribunal (NCLT) with a formal request to initiate liquidation proceedings. The company's assets are in the custody of the Enforcement Directorate after Modi was charged with offences under the Prevention of Money Laundering Act and the Fugitive Offenders Act.

from News-Economic Times https://ift.tt/2Xcs7k4