Dubai DIFC Court Orders BR Shetty to Pay $46 Million to SBI After “Parade of Lies” Verdict

Dubai, UAE — In a landmark ruling, the Dubai International Financial Centre (DIFC) Court has directed BR Shetty, founder of the now-collapsed NMC Healthcare, to pay $45,997,554.59 (approximately $46 million) to State Bank of India (SBI), ruling that Shetty lied under oath and had indeed signed a personal guarantee for a loan. What the Court … Read more