India, June 24 -- Fugitve diamantaire Nirav Modi suffered a fresh legal setback even as a London court ordered him to pay more than USD 10.7 million (over Rs. 100 crore) to Bank of India.

The ruling was in connection with a loan extended to a Dubai-based company promoted by him, wherein Modi undertook personal responsibility to repay the loan in the event of a default. In this regard, the London Circuit Commercial Court held that Modi was personally liable for the debt, reported news agency ANI, saying he had provided a personal guarantee for the loan granted to the Firestar Group.

In the judgement delivered on Tuesday, the court directed Modi to repay the outstanding dues under the guarantee. The fugitive has been lodged in a London pr...