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Who is the owner of Nakshatra Jewellery?
The Gitanjali Group is led by chairman and managing director Mehul C Choksi. Nakshatra has nearly a dozen brands under its umbrella including Nakshatra, Asmi, Gili, Sangini and Parineeta. It makes and sells branded studded jewellery, gold jewellery and other jewellery products in India and overseas.
Who is the owner of Gitanjali gems?
Mehul Choksi, the founder and managing director of ‘Gitanjali Gems’ and the maternal uncle of Nirav Modi has come under the radar of various investigating agencies, following the Enforcement Directorate (ED) filing a case against the latter for conducting fraudulent transactions from the Punjab National Bank.
Who is the owner of Nakshatra gold and diamonds?
Directors of Nakshathra 916 Gold And Diamonds Private Limited are Mohmmed, Thouffeq Manzil Muhammedkunju Shanavas, Mammu Manayil Syed Mohammed, Mohammed Shameer and Shamna Kallungal Parambu Zabir.
Will Gitanjali Gems recover?
The committee of creditors to Gitanjali Gems, promoted by fugutive Mehul Choksi, has decided to liquidate the company to recover ₹ 12,558 crore it owes to 31 banks and financial institutions.
Why did Gitanjali Gems crash?
How quickly the mighty can fall — in six years, Gitanjali Gems has gone from being one of the best known jewellers to facing liquidation. Having defaulted on payments of dues to the tune of Rs 12,550 crore to 31 creditors, the company is headed for liquidation while its chairman Mehul Choksi remains a fugitive.
What happened to Gitanjali Gems share?
Sebi has barred fugitive businessman Mehul Choksi and one Rakesh Girdharlal Gajera from the capital markets for one year and levied a fine totalling Rs 2.5 crore on them for violating insider trading rules in the matter of Gitanjali Gems.
Is Gitanjali Gems closed?
Where is Mehul Choksi right now?
NEW DELHI: Diamantaire Mehul Choksi has landed in Antigua and Barbuda, where he has been staying since 2018 after leaving India, after 51 days of custody in neighbouring Dominica for illegal entry which his lawyers claim was a kidnapping plan, local media reported.
Is Gitanjali Gems delisted?
NEW DELHI: Leading exchanges BSE and NSE will suspend trading in shares of as many as nine firms, including banking fraud accused Mehul Choksi’s Gitanjali Gems, from September 10 for not complying with listing norms pertaining to submission of financial results.
Can fake gold be hallmarked?
Unless you have incredible vision, you’ll need a magnifying glass to see most stamps and hallmarks. We use a 10x jewelry loupe in our store to locate and read hallmarks. Stamps are important to check because you can easily weed out fake gold in most cases, simply by looking at the stamp.