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Bank of Baroda enters 5.7k crore settlement with creditors of NMC Health - The Times of India
MUMBAI: Bank of Baroda has agreed to pay $600 million (about Rs 5,700 crore) to the administrators of the collapsed West Asian healthcare group NMC Health in an out-of-court settlement that brings to a close years of cross-border insolvency and fraud-related litigation, with both sides making no admission of liability and courts in Abu Dhabi Global Market (ADGM) and the UK moving to discontinue proceedings.
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