Overview

• An October 8 judgment orders payment of $45,997,554.59, with post-judgment interest set at nine percent per year until full settlement.
• Justice Andrew Moran condemned B.R. Shetty’s testimony as “an incredible parade of lies” and at times “incoherent and nonsensical.”
• The court relied on photographs, meeting notes, a May 2020 email from Shetty’s account, and handwriting analysis to dismiss claims of forgery.
• State Bank of India executive Anantha Shenoy testified he witnessed the signing on December 25, 2018, and provided corroborating photos and a detailed meeting report.
• The ruling is part of the fallout from NMC Healthcare’s 2020 collapse after more than $4 billion in hidden debt emerged, with the loan serviced only through January 30, 2020.