PMLA court orders release of ₹1000 crore worth assets of Nirav Modi to NCLT appointed liquidator

A Special Court in Mumbai under the Prevention of Money Laundering Act (PMLA) recently permitted release of properties linked to fugitive businessman Nirav Modi in favour of liquidator appointed by the National Company Law Tribunal, Mumbai (NCLT) for Modi's flagship company, Firestar International Ltd. (FIL)