Tom Beasley, instructed by Fladgate LLP, successfully represents the Bank of India in a high-profile fraud claim, Bank of India v Firestar Diamond FZE & Ors [2026] EWHC 1565, bringing a long-running international saga to an end.

The High Court has upheld the Bank’s claim against Nirav Modi, the well-known diamond merchant and billionaire, addressing significant issues relating to cross-border banking litigation, personal guarantees, Indian law, FEMA, conflict of laws, commercial contracts, and enforcement of international financial obligations. The judgment provides useful guidance on the enforceability of foreign law guarantees, service of contractual demands, and the treatment of RBI approval requirements under Indian law in English proceedings. There has been a large press coverage in India covering the judgment.

A copy of the judgment can be found here. Bank of India v Firestar Diamond FZE & Ors