Nirav Modi Case

The judge allowed the additional evidence to be introduced but agreed that Modi's defence team would require enough time to "digest" them

From US entering recession, FM considering corporation tax rate benefit extension to PMLA court ordering seizure of Nirav Modi's assets, here are the top headlines on Tuesday morning

Court also allows banks to lay claims for secured assets out of these confiscated assets

Fritsch described Modi as someone who "combined entrepreneurship and creativity" and never "doubted his integrity"

The write-offs are technical or prudential in nature, which means the banks have made 100 per cent provisions against the loans

Nirav Modi is accused of fraudulently appropriating billions from Punjab National Bank and is currently in a jail in London

Nirav Modi, who has allegedly defrauded state-run Punjab National Bank of over Rs 14,000 crore, is currently lodged in a British jail

These assets were seized by the Enforcement Directorate and the auction is an attempt to recover a part of the dues Modi owes to various banks

Important watches going on sale include a Jaeger Lecoultre Men's "Reverso Gyrotourbillon 2" Limited Edition wristwatch, and a Gerrard Perregaux Men's "Opera One" wristwatch

Modi appeared for his regular 28-day "call-over" appearance from London's Wandsworth prison at Westminster Magistrates' Court

Under the Fugitive Economic Offences Act, the court can order attachment of offenders' properties

Nirav Modi and his uncle Mehul Choksi are alleged to be the main perpetrators of India's biggest bank fraud that came to the fore last year

"Since the instances of round-tripping of funds are different in the case of Nirav Modi and Mehul Choksi, we plan to file another chargesheet soon," said an official