The Debt Recovery Tribunal (DRT) today sent notice to fugitive jeweller Nirav Modi, his family members and his companies to recover over Rs 7,000 crore in dues.
The notices by the DRT-1 Registrar A Murali came six months after the beleaguered Punjab National Bank (PNB) had moved the tribunal in July to recover around Rs 7,029 crore.
The accused-defendents Nirav Modi and others have been barred from disposing off, transferring, or entering into any transactions pertaining to the secured properties, the notice said.
They have been allowed time till January 15, 2019, to reply to the DRT notice, failing which the PNB plea would be decided on the bank's favour.
Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on ndtv.com/elections. Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general elections.