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The Enforcement Directorate received an intelligence input about the valuables in July 2018, after which authorities in Hong Kong and UAE were contacted.
The court, in its order, said the assets shall be attached by the ED under the provisions of the FEO Act within one month.
Former judge Abhay Thipsay has refuted BJP claim that Congress is trying to derail Nirav Modi’s extradition, saying govt may have ‘past grudges’ against him.
On second day of week-long hearing in London, Modi’s lawyer sought to cast doubt on allegations the jeweller fraudulently procured guarantees from PNB.
The 49-year-old jeweller, who has been in prison since March last year, joined the proceedings via the court's common viewing platform at Westminster Magistrates' Court in London.
In an email to the Enforcement Directorate, Neeshal said he had no clue about his brother's actions & also submitted a forensic report, which the ED rejected.
The Battle of Ganga & Jamuna by MF Husain is the centrepiece of the auction in Mumbai which hopes to recover Rs 50 crore.
There is a rush to collect the assets of Indian tycoons owning bankrupt companies as banks battle mounting bad debt.
Besides Nehal Modi, the chargesheet names PNB's suspended deputy general manager Sanjay Prasad, and Nirav Modi's associates Amit Magia, Sandeep Mistri and Mihir Bhansali.
Nirav Modi is the second businessman after Vijay Mallya to be declared a fugitive economic offender under the new Fugitive Economic Offenders Act.