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File reply on Nirav Modi firm’s plea on paintings’ auction, Bombay HC tells I-Thttps://indianexpress.com/article/india/file-reply-on-nirav-modi-firms-plea-on-paintings-auction-bombay-hc-tells-i-t-5645914/

File reply on Nirav Modi firm’s plea on paintings’ auction, Bombay HC tells I-T

Earlier this month, a special court in the city had permitted the I-T department to auction 68 paintings owned by Nirav Modi and his shell firm, Camelot Enterprises

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Artworks from Nirav Modi’s collection at a gallery in Mumbai on Monday. (Express photo by Ganesh Shirsekar)

The Bombay High Court Wednesday directed the Income Tax (I-T) department to file a reply to a petition by fugitive diamantaire Nirav Modi’s firm, Camelot Enterprises, challenging the auction of 68 paintings belonging to him. A bench of justices Akil Kureshi and Sarang Kotwal directed the I-T department to file its reply by April 1.

Earlier this month, a special court in the city had permitted the I-T department to auction 68 paintings owned by Nirav Modi and his shell firm, Camelot Enterprises. The firm approached the Bombay HC against the auction, calling it unlawful.

Read | Nirav Modi in London prison, his art under Mumbai hammer: I-T recovers Rs 54.8 crore

On March 26, the I-T department, in accordance with the special court order, auctioned 55 of the 68 paintings and claimed to have raised Rs 55 crore.

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On March 22, a special court in the city had permitted the Enforcement Directorate to auction 11 luxury vehicles belonging to Nirav Modi, and had permitted the Income Tax department to auction the high-value art collection belonging to the jeweller.

Nirav Modi, an accused in the PNB scam, was arrested in London last week and remanded in judicial custody by a local court there.

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