TODAY -
NMC founder BR Shetty owes over $250m to Bank of Baroda: Court document
Write Comment
E-Mail To a Friend
Facebook
Twitter 
Print NMC founder BR Shetty owes over $250m to Bank of Baroda: Court document
Sixteen properties in several Indian cities including Bengaluru were among guarantees put up by Shetty and his wife.
Bank of Baroda is seeking to recover loans worth more than $250 million from NMC founder BR Shetty and his companies and an Indian court has barred him and his wife from selling or transferring some properties while it hears the case, a court document showed.
The 16 properties in several Indian cities including Bengaluru were among guarantees put up by Shetty and his wife against the Rs19.13 billion ($253 million) loans, according to a May 16 court order seen by Reuters. The court in Bengalaru set the next hearing in the case for June 8.
NMC, the largest private healthcare provider in the UAE, was placed under administration in April after months of turmoil. It disclosed in March it had debts of $6.6 billion, well above earlier estimates of $2.1 billion.
Finablr, in which Shetty has a controlling stake, said in April it may have nearly $1 billion more in debt than previously reported.
Shetty and Bank of Baroda did not immediately respond to a Reuters request for comment.
In the court filing seen by Reuters, Bank of Baroda said Shetty had an obligation to handover the title deeds of the 16 properties and mortgage the assets with the bank.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.
RELATED
Ryan International School at at AJ Grand Elite, Mangalore
Mumbai, Sept.14: When our thoughts, ideas, and attitudes become positive, the projects we undertake will naturally and successfully bear fruit. It is only by the grace of the deities that all of us have come together in this land of action, working unitedly for the development of our sacred shrine.
Mumbai (RBI), Sept.15: The Kanara Catholic Foundation celebrated the Nativity feast of Mother Mary, the mother of Jesus Christ on 13th September 2025 at St. John the Baptist Church. The celebration started with the thanksgiving mass by Fr. Dylan D`Souza. The Vice President of KCF Thane Sonal D`Si
Milarchi Lara, Milagres Cathedral, Kallianpur, Parish Bulletin - September 2025
Final Journey of Mrs. Elizabeth D’Souza (91 years) | LIVE from Udupi
ಮೊಂತಿ ಫೆಸ್ತ್ 2025 | Special Program in collaboration with Kemmannu Youth | Kemmannu.com
Monthi Fest Celebration |ಮೊಂತಿ ಫೆಸ್ತಾಚೊ ದಬಾಜೊ | 8-September-2025 | St. Theresa Church Kemmannu
Final Journey of Philip Saldhana (64 years) | LIVE from Kanajar | Udupi
Feast of Assumption & Independence Day Celebration | St. Theresa Church, Kemmannu
Moiye Krista Maye | ಮರಿಯೆ ಕ್ರಿಸ್ತಾ ಮಾಯೆ | 50 years Anniversary Video | Fr Francis Cornelio
Final Journey of Golbert Suares (65 years) | LIVE from Barkur | Udupi
Final Journey of Gretta Suares (69 years) | LIVE from Barkur
Final Journey of Asha Fernandes (43 years) | LIVE from Thottam | Udupi
Yuva Samagam 2025 | ICYM | LIVE from Sastan, Udupi
Final Journey of John Henry Almeida (71 years) | LIVE from Udyavara
Final Journey of Mrs. Severine Pais (85 years) | LIVE from Milagres, Kallianpur, Udupi
Final Journey of Mrs Lennie Saldanha (89 years) | LIVE from Kemmannu | Udupi
Final Journey of Zita Lewis (77 years) | LIVE from Kallianpur, Udupi
Final Journey of Henry Andrade (83 years) | LIVE from Kemmannu
Mount Rosary Church - Rozaricho Gaanch May 2025 Issue
Land/Houses for Sale in Kaup, Manipal, Kallianpur, Santhekatte, Uppor, Nejar, Kemmannu, Malpe, Ambalpady.
Naturya - Taste of Namma Udupi - Order NOW
Focus Studio, Near Hotel Kidiyoor, Udupi
Earth Angels - Kemmannu Since 2023
Kemmannu Channel - Ktv Live Stream - To Book - Contact Here
Click here for Kemmannu Knn Facebook Link
Sponsored Albums
Exclusive
Udupi: Cooking without fire competition at Kemmannu Church [Video]
A ‘Wisdom Home of Memories’, a heritage Museum in Suratkal, Mangaluru
Celebrating 50 Years of Devotion: Iconic Konkani Hymn Moriye Krista Maye Marks Golden Jubilee
Arrest of Nuns’ at Chhattisgarh - Massive Protest Rally in Udupi Echoes a Unified Call for Justice and Harmony [Video]
MCC Bank Inaugurates Its 20th Branch in Byndoor
Mog Ani Balidan’ – A Touching Konkani Novel Released at Anugraha, Udupi [Photographs updated]
Milagres Cathedral celebrates Sacerdotal Ruby Jubilee of Mngr Ferdinand Gonsalves and Parish Community Day with grandeur
Mangalorean Teen Feryl Rodrigues Shines as May Queen 1st Runner-Up at Indian Club Bahrain [Video]
A Saintly Shepherd of Our Times: A Tribute to Pope Francis
