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Max Health Care Hospital: HC upholds arbitrator's refusal of interim relief to Max Healthcare in Care Hospital deal

The Bombay High Court upheld the arbitrator's decision to deny Max Healthcare Institute interim relief in its plea to halt the sale of Care Hospitals to Blackstone Group. Max Healthcare claimed exclusivity in deal negotiations with Care Hospitals but alleged a violation by the owners.

Bombay , Maharashtra , India , Justice-milind-jadhav , Darius-khambata , Justice-manish-pitale , Janak-dwarkadas , Meghna-rajadhyaksha , Vyapak-desai , Bombay-high-court , Nishith-desai-associates , Blackstone-group

Max Healthcare moves Bombay High Court against arbitration award

Max Healthcare claimed that the term sheet it signed with Touch Healthcare, which owns Care Hospitals along with TPG-backed Evercare Group, had granted it exclusivity in deal negotiations until April 12. However, the owners of Hyderabad-based Care Hospitals were already talking with other buyers on April 11, in violation of the agreement, it alleged.

Bombay , Maharashtra , India , Janak-dwarkadas , Meghna-rajadhyaksha , Darius-khambata , Justice-milind-jadhav , Vyapak-desai , Evercare-group-management , Blackstone-group , Evercare-group , Nishith-desai-associates

Stocks to Watch: Titan, IndiGo, Tata Steel, Bharti Airtel, Coforge, Adani Gas, and Others

Stocks to watch: Shares of firms like Titan, IndiGo, Tata Steel, Bharti Airtel, Coforge, Adani Gas, and others will be in focus on Wednesday's trade.

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Kathawalla to arbitrate Max case against Care

The matter will be heard by the arbitrator under Section 17 of the Arbitration and Conciliation Act that will allow the arbitral tribunal to pass interim orders in the matter.

Bombay , Maharashtra , India , Justice-jadhav , Janak-dwarkadas , Justice-milindn-jadhav , Blackstone-inc , Bombay-high-court , Evercare-healthcare-fund , Max-health , Evercare-group-management , Quality-care

Max Healthcare drags TPG, Care Hospitals to court over buyout

Max Healthcare Institute Ltd has approached the Bombay High Court against Care Hospitals and its private equity backer TPG in an attempt to protect its ......

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