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STATE BANK OF INDIA v NMC HEALTHCARE [2020] DIFC CFI 047 — Enforcement of personal guarantee against B.R. Shetty (08 October 2025)
The dispute centered on the enforcement of a personal guarantee dated 25 December 2018, which the Claimant, State Bank of India (DIFC Branch), alleged was executed by the Fifth Defendant, Mr. B.R. Shetty, to secure a USD 50 million facility provided to NMC Healthcare.
STATE BANK OF INDIA v NMC HEALTHCARE [2026] DIFC CFI 047 — Dismissal of appeal against personal guarantee liability (18 February 2026)
The dispute centered on the enforcement of a personal guarantee provided by Mr. B.R. Shetty in favor of the State Bank of India (DIFC Branch). The claimant sought to recover funds following the default of NMC Healthcare LLC under a facility agreement.
STATE BANK OF INDIA v NMC HEALTHCARE [2025] DIFC CFI 047 — Summary assessment of costs following substantive judgment (22 October 2025)
The DIFC Court of First Instance clarifies the limits of cost recovery, emphasizing that even where a defendant’s conduct is deemed a "gross waste of time," the claimant’s legal fees must remain reasonable, proportionate, and supported by contemporaneous time records.
STATE BANK OF INDIA v NMC HEALTHCARE [2025] DIFC CFI 047 — Dismissal of renewed application for permission to appeal (25 August 2025)
The litigation, initiated by the State Bank of India (DIFC Branch), involves complex claims against multiple NMC Healthcare entities and Mr. B.R. Shetty. The current dispute centers on the Fifth Defendant’s attempt to amend his defence, a request that was initially denied by H.E.
STATE BANK OF INDIA v NMC HEALTHCARE [2025] DIFC CFI 047 — Dismissal of appeal against refusal to amend pleadings (18 June 2025)
The DIFC Court of First Instance reaffirms the high threshold for challenging case management decisions, dismissing an attempt by Mr. B.R. Shetty to introduce late-stage amendments to his Defence in a long-running banking guarantee dispute.
STATE BANK OF INDIA v MC HEALTH CARE [2024] DIFC CFI 047 — Dismissal of application for 'unless' order regarding document production (15 August 2024)
The DIFC Court of First Instance confirms that a party cannot retrospectively narrow the scope of a document production order to exclude categories they originally requested, particularly when the opposing party has complied with the literal terms of the order.
STATE BANK OF INDIA v NMC HEALTHCARE [2024] DIFC CFI 047 — Compelling signature production for forensic analysis (19 June 2024)
The dispute arises from the complex financial collapse of the NMC Healthcare group, where State Bank of India (DIFC Branch) seeks to enforce obligations against various corporate entities and the Fifth Defendant, Mr. B.R. Shetty.
STATE BANK OF INDIA v NMC HEALTHCARE [2024] DIFC CFI 047 — Adjournment pending immediate judgment application (11 March 2024)
The litigation, registered under CFI 047/2020, represents a significant banking and finance recovery action initiated by the State Bank of India (DIFC Branch) against a consortium of NMC Healthcare entities and Mr. B.R. Shetty.
STATE BANK OF INDIA v NMC HEALTHCARE [2023] DIFC CFI 047 — Consent order vacating the Case Management Conference (16 February 2023)
This order formalizes the procedural adjournment of the Case Management Conference in the ongoing litigation between State Bank of India and the NMC group entities alongside Mr. B.R. Shetty.
STATE BANK OF INDIA v NMC HEALTHCARE [2022] DIFC CFI 047 — Consent order regarding procedural timelines (20 September 2022)
The litigation involves a complex banking and finance dispute initiated by the State Bank of India (DIFC Branch) against several entities within the NMC Healthcare group, including NMC Healthcare LLC, NMC Speciality Hospital LLC, New Medical Centre LLC, and New Medical Centre Speciality Hospital…
STATE BANK OF INDIA v NMC HEALTHCARE [2022] DIFC CFI 047 — Procedural timeline adjustment for complex multi-party insolvency-related litigation (01 September 2022)
The litigation concerns a substantial banking and finance claim initiated by the State Bank of India (DIFC Branch) against a series of NMC Healthcare entities and Mr. B.R. Shetty. The dispute arises from the broader financial collapse of the NMC group, which triggered extensive litigation across…
STATE BANK OF INDIA v NMC HEALTHCARE [2022] DIFC CFI 047 — Extension of time for service of claim form (20 April 2022)
The litigation arises from a complex financial dispute initiated by the State Bank of India (DIFC Branch) against several entities within the NMC Healthcare group and their former principal, Mr. Bavaguthu Raghuram Shetty.
STATE BANK OF INDIA v NMC HEALTHCARE [2021] DIFC CFI 047 — Facilitating service on an individual defendant in foreign insolvency proceedings (30 May 2021)
The Claimant, State Bank of India (DIFC Branch), initiated proceedings against a series of corporate entities within the NMC Healthcare group and the Fifth Defendant, Mr. Bavaguthu Raghuram Shetty.
STATE BANK OF INDIA v NMC HEALTHCARE [2021] DIFC CFI 047 — Consent order for stay of proceedings (04 February 2021)
The DIFC Court formalizes the stay of litigation against NMC Healthcare subsidiaries following the recognition of ADGM administration orders.
STATE BANK OF INDIA v NMC HEALTHCARE [2020] DIFC CFI 047 — Extension of time for service of proceedings (10 December 2020)
The litigation involves a high-stakes dispute between the State Bank of India, DIFC, and a series of NMC Healthcare entities, including NMC Healthcare LLC, NMC Speciality Hospital LLC, New Medical Centre LLC, and Mr. Bavaguthu Raghuram Shetty.
STATE BANK OF INDIA v NMC HEALTHCARE [2020] DIFC CFI 047 — Interim stay of proceedings pending ADGM administration (06 December 2020)
The DIFC Court formalizes a cross-jurisdictional stay of litigation, deferring to ADGM insolvency processes following the recognition of foreign administration orders.
STATE BANK OF INDIA v NMC HEALTHCARE [2020] DIFC CFI 047 — Interim stay of proceedings pending ADGM administration (25 November 2020)
The litigation arose from a claim filed by the State Bank of India (DIFC Branch) on 7 June 2020, subsequently amended on 14 June 2020. The dispute involved multiple entities within the NMC healthcare group, specifically NMC Healthcare LLC, NMC Speciality Hospital LLC, New Medical Centre LLC, New…
STATE BANK OF INDIA v NMC HEALTHCARE [2020] DIFC CFI 047 — Consent order adjourning proceedings pending ADGM insolvency recognition (03 November 2020)
The DIFC Court formalizes a procedural pause in the recovery action against NMC entities, awaiting the outcome of cross-jurisdictional recognition of an ADGM administration order.
STATE BANK OF INDIA v NMC HEALTHCARE [2020] DIFC CFI 047 — strict adherence to standard service protocols (23 September 2020)
The dispute arises from a high-stakes financial claim initiated by the State Bank of India (DIFC Branch) against a group of entities within the NMC Healthcare conglomerate, including NMC Healthcare LLC, NMC Speciality Hospital LLC, New Medical Centre LLC, New Medical Centre Speciality Hospital AL…
STATE BANK OF INDIA v NMC HEALTHCARE [2020] DIFC CFI 047 — Consent order for procedural extension (09 September 2020)
This procedural order formalizes a stipulated extension of time for the Third Defendant to file its Defence in the high-stakes litigation involving State Bank of India and the NMC Healthcare group.
STATE BANK OF INDIA v NMC HEALTHCARE [2020] DIFC CFI 047 — strict adherence to standard service protocols (28 July 2020)
The lawsuit involves a significant financial claim brought by the State Bank of India (DIFC Branch) against a group of entities under the NMC Healthcare umbrella, alongside Mr. Bavaguthu Raghuram Shetty.