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Bank of Baroda shares down 4% after $600mn settlement with NMC Health creditors
MUMBAI: Bank of Baroda has agreed to pay $600 million (about Rs 5,700 crore) to the administrators of the collapsed healthcare group NMC Health in an out-of-court settlement that brings to a close years of cross-border insolvency and fraud-related litigation, with both sides making no admission of liability and courts in Abu Dhabi Global Market (ADGM) and the UK moving to discontinue proceedings.
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economictimes.indiatimes.com
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 regulations. The bank's Abu Dhabi branch…
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thehindubusinessline.com
BoB settles case with NMC Health for $600 million
All claims, causes of action, etc. between them have been resolved without admission of liability or wrongdoing
