02-Jul-2026 14:09:54

BANK OF BARODA : SETTLES LITIGATION WORTH APPROX RS 5,700 CR

• Bank of Baroda entered into an out-of-court settlement with joint administrators of NMC Health PLC, NMC Healthcare Ltd, and NMC Holding Ltd. • The settlement agreement resolves claims for payment of US$ 600 million (~₹5,700 Cr) by Bank of Baroda. • Proceedings involved under ADGM, UK insolvency law, and UAE civil law. • ADGM proceedings discontinued, English proceedings in process of being discontinued. • Settlement aims to conclude disputes and avoid prolonged litigation and costs. Impact: settlement resolves litigation for US$600 million.

Bank of Baroda

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