<h1>MCA Recovers $3.25M in Nirav Modi Case as Part of US Chapter 11 Liquidation; PNB Among Creditors.</h1> The Ministry of Corporate Affairs (MCA) has successfully recovered $3.25 million in the Nirav Modi case, marking a significant achievement in combating corporate fraud abroad. This amount is part of the liquidation proceeds from the debtor's assets under US Chapter 11 bankruptcy proceedings. A total of $11.04 million is available for distribution to unsecured creditors, including Punjab National Bank (PNB), which initially alerted the MCA to the bankruptcy filings of three companies linked to Nirav Modi. The US Bankruptcy Court recognized PNB's claims and authorized subpoenas for examinations related to the fraud, which involved deceptive practices among Modi-controlled entities.