Any modern band that comes close to Mahavishnu Orchestra ?


Nothing that I can find.
inna
I could never warm up to the Weather Report.
Thank you for the suggestions, I'll check them all out.
Yeah, when people like Miles Davis and John McLaughlin are gone, who will come next?
Orpheus10, by the way, once you suggested to listen to Nils Peter Molvaer, so I did. I really like his Miles inspired but very his own style.
The best concert I was able to find on youtube is called Live&direct. He plays with his original Scandinavian band, I understand. Great drummer there too.
Fairly recently I went to the live performance at BB King club in NYC of Allan Holdsworth -- Casio guitar (Soft Machine), Eddie Jobson electric violin and keyboards (UK) and Chad Wakerman(FZ drummer). They're above the level of Mahavishnu Orchestra by all possible means. 

Shortly after WTC-9/11 I visited bottom line cafe (near NYU) with performance of B.L.U.E. -- Brufford Levin Upper Extremities with following crew:
Bill Brufford -- drums
Tony Levin -- Fender bass and stick bass
David Torn -- guitars, mandolin and other unusual string instruments; synth and loops not sure of models, pedals.
Chris Botti -- trumpet, pedals
The worm-up artists were California Guitar Trio produced by Robert Fripp. 
I think the type of fusion band typified by Mahavishnu Orchestra, Weather Report, Return to Forever, Passport, Caldera, Isotope, Al DiMeola, Billy Cobham, and other 70s fusion band is that this type of jazz was supplanted by more accessible (read: melodic) smooth jazz by the likes of The Yellowjackets, Andy Narell, Bob James, Michael Franks, George Benson, Bela Fleck, and Spyrogyra.  I like both genres but they are definitely different.  Some great 70s jazz is also found on the CTI labels but tends to be more pop-oriented.
riawry, I agree totally with your summation.


I don't know how you compare "Mahavishnu" to any band, but here is something in a similar vain.


  https://www.youtube.com/watch?v=UfjxtcNYKz4


"Shakti" is the concept or personification of divine feminine creative power, sometimes referred to as 'The Great Divine Mother' in Hinduism. As the mother she is known as Adi Parashakti or Adishakti. On the earthly plane; so says "Wikipedia".



Enjoy the music.
I like some of the 'Shakti', both original and 'Remember Shakti', but this is something quite different. Of the original 'Shakti' I'd say that the composition entitled 'India' is the most profound, and of the 'Remember Shakti' John's old composition 'Lotus Feet' is as great as ever.
When thinking of modern jazz or jazz fusion, it is difficult for me to listen to any other guitarist. John's mastering of the instrument is off the scale. By the way, some of his performances, most in fact, in 80s with Paco de Lucia, Paco de Lucia and Al di Meola, and with Jonas Hellborg are quite incredible. His trio in 90s with Trilok Gurtu and bass player was often excellent too.
But, none of this is Mahavishnu Orchestra. I think, he could've taken the concept farther than he did, I don't know why he didn't, maybe got exhausted and had to go meet "The Great Divine Mother'.