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NMC HEALTH INSOLVENCY
Bank of Baroda to pay $600 million to settle NMC Health insolvency claimsBank of Baroda has agreed to a $600 million settlement with administrators of the insolvent NMC Health Plc. The bank faced allegations of g...- Bank of Baroda settles NMC Health dispute for $600 million; Q1 credit grows 17%Bank of Baroda has settled a significant legal dispute with NMC Health entities for USD 600 million, resolving claims under UAE and UK regu...
- Sevenhills Hospital RP seeks repossession of hospital from civic bodyAbhilash Lal, the EY-backed resolution professional of the hospital chain, has written to the Municipal Corporation of Greater Mumbai (MCGM...
- Modi govt’s biggest achievement: Positive impact of effective deliveryIndia’s digital financial infrastructure has been heralded as the best in the world. It has helped replace cash transactions by digital one...
- Short sellers got crushed in 2020 as Tesla, Moderna soaredA monthly index of short-selling hedge funds is down 32% this year through October, according to data provider Hedge Fund Research.
- Businessman BR Shetty seeks India probe of NMC, Finablr ex-CEOs over $6 bln scandalSeveral companies linked to Shetty, including top United Arab Emirates hospital operator NMC Health PLC and payments firm Finablr PLC, have...
- BR Shetty seeks probe by CBI, ED into $6 billion ‘fraud’ in his companiesThe founder of hospital chain NMC Healthcare and UAE Exchange has sent a written complaint to the Central Bureau of Investigation and Enfor...
- BR Shetty: What's in a name? Banks count cost of loans in NMC collapseBR Shetty's NMC imploded this year on allegations of fraud & disclosure of more than $4 bn in hidden debts.
- BR Shetty: The staggering rise and incredible fall of a billionaireBR Shetty landed in Abu Dhabi with $8 in 1973 and turned his sweat into a personal fortune worth billions.
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