“In my judgment, Dr Shetty was dishonest”: the Abu Dhabi Global Market (ADGM) Court has held NMC founder BR Shetty and former CEO Prasanth Manghat liable for fraudulent trading at NMC Healthcare, fixing US$ 5,397 million as the starting point for the contributions they must make to the collapsed group’s assets. Abu Dhabi: Delivering a […]
The Allahabad High Court overturned the cancellation of Marion Biotech’s drug manufacturing licence following 15 child deaths in Uzbekistan. It criticized Indian authorities for relying on a foreign court’s judgment and emphasized the need for domestic legal procedures. This ruling highlights procedural concerns and may influence future regulatory actions regarding Indian companies abroad.
