{
  "id": 10065988,
  "title": "NCLT Relieves Two PNB Officers In Nirav Modi-Mehul Choksi Fraud Case, Vacates Property Attachment Over Lack Of Evidence",
  "url": "https://urgent.news/2026/09/26/nclt-relieves-two-pnb-officers-in-nirav-modi-mehul-choksi-fraud-case",
  "topic": "world",
  "section": "World",
  "published": "2026-09-26T21:02:43.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/mumbai/nclt-relieves-two-pnb-officers-in-nirav-modi-mehul-choksi-fraud-case-vacates-property-attachment-over-lack-of-evidence"
  },
  "original_language": "en",
  "account": "The National Company Law Tribunal (NCLT) has relieved two employees of Punjab National Bank (PNB), Prafull Sawant and Becchu Tiwari, from their property attachments in the multi-crore bank fraud case allegedly committed by the Nirav Modi and Mehul Choksi Group. The tribunal ruled that the case against the two officers was based on circumstantial inferences and lacked direct evidence, and that PNB’s internal inquiry had found no involvement on their part in the alleged fraud. The Serious Fraud Investigation Office (SFIO) had also not brought any incriminating or adverse evidence against Sawant and Tiwari. The tribunal noted that merely being employees of the bank did not suffice to hold them liable under Section 339 of the Companies Act, and that their individual role, knowledge, and alleged participation, if any, in the fraudulent conduct needed to be examined based on the evidence on record.",
  "summary": "Mumbai: The National Company Law Tribunal (NCLT) has granted relief to two employees of the Punjab National Bank (PNB), Prafull Sawant and Becchu Tiwari, whose properties were attached by the tribunal in 2019 after they were named as accused for their alleged roles in the multi-crore bank fraud allegedly committed by the Nirav Modi and Mehul Choksi Group. In orders passed by the tribunal on…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}