Firestar Diamond Inc.

2/26/18

Company of billionaire Nirav Modi has filed for bankruptcy in the United States. He is currently in the midst of India's biggest-ever bank scam. Indian state-run Punjab National Bank uncovered fraudulent transactions in one its branches and notes that the fraudulent transactions could be around $2 billion. 

• Jurisdiction: S.D. of New York
• Capital Structure: $mm debt     
• Company Professionals:
  • Legal: Klestadt Winters Jureller Southard LLP (Ian Winters, Sean Southard, Stephanie Sweeney)
  • Restructuring Advisor/CRO: Getzler Henrich & Associates LLC (Mark Samson)
  • Financial Advisor: Marks Paneth LLP (Howard Hoff) 
  • Claims Agent: Rust Consulting/Omni Bankruptcy (*click on company name above for free docket access)
• Other Parties in Interest:
  • Creditor: Israel Discount Bank of New York
    • Legal: Troutman Sanders LLP (Brett Goodman, Harris Winsberg, Matthew Brooks)
  • Creditor: Punjab National Bank
    • Legal: Cleary Gottlieb Steen & Hamilton LLP (Sean O'Neal, James Bromley)
  • Creditor: J.C. Penney Corporation
    • Legal: Polsinelli PC (Christopher Ward, Jeremy Johnson)