{
  "id": 9664370,
  "title": "NCLT Removes Former PNB Executive Director Sanjiv Sharan From Nirav Modi Fraud Case, Vacates Asset Attachment",
  "url": "https://urgent.news/2026/09/24/nclt-removes-former-pnb-executive-director-sanjiv-sharan-from-nirav",
  "topic": "world",
  "section": "World",
  "published": "2026-09-24T23:55:23.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/mumbai/nclt-removes-former-pnb-executive-director-sanjiv-sharan-from-nirav-modi-fraud-case-vacates-asset-attachment"
  },
  "original_language": "en",
  "account": "The National Company Law Tribunal (NCLT) has removed Sanjiv Sharan, the former Executive Director of Punjab National Bank (PNB), from the Nirav Modi-Gitanjali Group fraud case and vacated the attachment of his properties. The decision came after the tribunal examined the material from the investigation reports, which identified 107 companies and seven LLPs allegedly linked to the financial fraud. The tribunal held that Sharan was not directly responsible for the fraud and that there was no evidence to prove his indirect complicity in the alleged wrongdoing. The NCLT also emphasized that its observations were based on the material before it and not a conclusive finding of the applicant's role in the fraud.",
  "summary": "Mumbai, September 24, 2026: The National Company Law Tribunal (NCLT) on Thursday ordered the deletion of Sanjiv Sharan, former Executive Director of Punjab National Bank (PNB), from the company petition filed in connection with the alleged Rs 11,400-crore Nirav Modi-Gitanjali Group fraud case. Petition And Investigation The petition was filed before the tribunal following an examination of the…",
  "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."
}