New Delhi: Senior Advocate Harish Salve will represent Bank of Baroda in significant proceedings before the Abu Dhabi Global Market Courts arising out of the collapse of NMC Health.
Salve confirmed his appearance in the matter during a mentioning before the Supreme Court of India, where he informed a Bench comprising Chief Justice of India Surya Kant and Justice Joymalya Bagchi about his trial commitments in Abu Dhabi scheduled for May and June 2026. He described the matter as a significant reputational engagement. “This matter is of great reputational importance for us,” Salve said, confirming his representation of Bank of Baroda in the ADGM proceedings and underlining the importance of the case beyond mere legal defence.
“Let it be in July. The trial in Abu Dhabi is slated for May and June. They will have a heart attack if I am not there,” Salve submitted, seeking scheduling accommodation before the Supreme Court due to his Abu Dhabi trial commitments.
The proceedings form part of the broader litigation landscape following the dramatic collapse of NMC Health in 2020. Once one of the largest private healthcare providers in the Gulf and listed on the London Stock Exchange, NMC entered administration after disclosures in 2019 revealed billions of dollars in previously undisclosed debt. Subsequent investigations and insolvency proceedings led to extensive civil claims initiated by the joint administrators seeking recovery for creditors.
The litigation before the ADGM Courts involves allegations concerning irregular financing arrangements and financial transactions preceding NMC’s collapse. Bank of Baroda is among the financial institutions facing claims in connection with the funding structures linked to the healthcare group’s operations. Publicly available court records indicate that the proceedings include complex fraud-related civil claims under the applicable legal framework of the Abu Dhabi Global Market.
The trial in Abu Dhabi is expected to be extensive, with reports indicating that hearings could run for several weeks. The outcome may have substantial financial and regulatory implications, not only for the parties involved but also for cross-border insolvency and banking litigation in international financial centres.
Case Details:
Parties: Bank of Baroda v. Joint Administrators of NMC Health & Ors.
Jurisdiction: Abu Dhabi Global Market Courts
Lead Counsel for Bank of Baroda: Harish Salve
Mentioned Before: Supreme Court of India
Bench: CJI Surya Kant and Justice Joymalya Bagchi
