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NMC founder BR Shetty ordered to pay $33m to Indian bank

Summary by AGBI

DIFC court ruling only just revealed Money owed to Bank of Baroda Part of fallout from NMC collapse BR Shetty, the founder of the UAE healthcare company NMC Health, which collapsed in 2020 with billions of dollars in hidden debt, has been ordered by a Dubai court to pay more than $33 million to an Indian bank. In a ruling made public only last month, the Dubai International Financial Centre Courts in November last year found Bavaguthu Raghuram S…

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NMC founder BR Shetty ordered to pay $33m to Indian bank

DIFC court ruling only just revealed Money owed to Bank of Baroda Part of fallout from NMC collapse BR Shetty, the founder of the UAE healthcare company NMC Health, which collapsed in 2020 with billions of dollars in hidden debt, has been ordered by a Dubai court to pay more than $33 million to an Indian bank. In a ruling made public only last month, the Dubai International Financial Centre Courts in November last year found Bavaguthu Raghuram S…

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AGBI broke the news in 13 days ago on Monday, February 10, 2025.

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