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Max Health Care Hospital: HC upholds arbitrator s refusal of interim relief to Max Healthcare in Care Hospital deal

The Bombay High Court upheld the arbitrator s decision to deny Max Healthcare Institute interim relief in its plea to halt the sale of Care Hospitals to Blackstone Group. Max Healthcare claimed exclusivity in deal negotiations with Care Hospitals but alleged a violation by the owners.

Justice milind jadhavDarius khambataJustice manish pitaleJanak dwarkadasMeghna rajadhyakshaVyapak desaiBombay high courtNishith desai associatesBlackstone groupEvercare group managementShardul amarchand mangaldas coEvercare groupMax healthcare instituteBombay high court onCare hospitalsManish pitale

Bombay High Court upholds interim arbitral order refusing relief to Max Healthcare in dispute with CARE Hospitals

The arbitrator passed an interim order on the Section 17 application against Max, which approached the High Court for the second time on July 27 to challenge the order.

Justice kathawallaJustice milind jadhavEvercare group managementHigh court onMax healthcareHigh courtCare hospitalsTouch healthcareQuality healthcareConciliation actMilind jadhavArbitration actBombay high courtBombay high court newsBombay high court updatesBombay high court latest news

Max Healthcare moves Bombay High Court against interim arbitral order in dispute with CARE Hospitals

The July 19 order passed by the arbitrator refused to grant urgent interim relief to Max and also refused to grant status quo as regards third-party rights.

Justice kathawallaDarius khambataVyapak desaiShardul amarchand mangaldasJanak dwarkadasMeghna rajadhyakshaJustice milind jadhavHigh court onNishith desai associatesEvercare group managementCare groupMax healthcareHigh courtCare hospitalsTouch healthcareQuality healthcare

Max Healthcare moves Bombay High Court against arbitration award

Max Healthcare claimed that the term sheet it signed with Touch Healthcare, which owns Care Hospitals along with TPG-backed Evercare Group, had granted it exclusivity in deal negotiations until April 12. However, the owners of Hyderabad-based Care Hospitals were already talking with other buyers on April 11, in violation of the agreement, it alleged.

Janak dwarkadasMeghna rajadhyakshaDarius khambataJustice milind jadhavVyapak desaiEvercare group managementBlackstone groupEvercare groupNishith desai associatesMax healthcare instituteShardul amarchand mangaldas coBombay high courtMilind jadhavHealthcare instituteTouch healthcareCare hospitals

Share Market Highlights 27 July 2023: Sensex falls 440 points, Nifty tests 19,650 on July contracts expiry; Cipla spurts nearly 10%

Share Market Highlights 27 July 2023: Sensex falls 440 points, Nifty tests 19,650 on July contracts expiry; Cipla spurts nearly 10%
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