Economy Government intervenes in bankruptcy proceedings against Nirav Modi's firms in the US Updated : April 23, 2018 07:08 AM IST Nirav Modi firms filing for bankruptcy in the US would jeopardise the interests of Punjab National Bank. Nirav Modi-owned Firestar Diamond Inc filed for bankruptcy in the US. NCLT had restrained more than 60 entities from selling their assets. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.