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Rajan and his four associates are accused of attempt to murder of the hotelier when the latter was fired upon allegedly by his henchmen in Amboli area of Mumbai in 2013. ....
NMC’s non-core asset sale plan still on despite creditors taking control Reuters/Dubai Filed on June 9, 2021 A source said creditors would take a decision later concerning the planned sale process for the core business in the UAE and Oman. File photo NMC’s core assets are in the UAE and Oman Hospital operator NMC will proceed with the sale of non-core international assets despite the planned transfer of the company’s business to creditors following a restructuring exercise, its joint administrators said. The statement came after joint administrators from Alvarez and Marsal said earlier this week it will shortly launch the formal voting process to complete the financial restructuring of the NMC business, ensuring its exit from administration in Abu Dhabi. ....
Read more about Fraud charges: Dubai-based billionaire B R Shetty to drag BoB to court on Business Standard. Shetty is currently in India and trying to return to Dubai to take care of his businesses, but a travel ban issued by BoB has put paid to his plans. ....
In November, BR Shetty denied reports he had fled the UAE after the hospital group s implosion Mumbai: A court on Wednesday refused to let BR Shetty, the founder of troubled hospital operator NMC Health, travel to the United Arab Emirates (UAE), as it upheld a previous ruling. Shetty s NMC, the UAE s biggest hospital group listed in London, went into administration in April 2020 after months of turmoil over its finances and its disclosure of $6.6 billion in debt, well above earlier estimates. The findings recorded.are based on sound appreciation of facts and law, the two-judge panel said in dismissing Shetty s challenge of immigration officials decision to stop him from boarding a Nov. 14 flight to the Middle Eastern nation. ....