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NMC founder BR Shetty sues Bank of Baroda for $15 billion
Original: NMC founder BR Shetty sues Bank of Baroda for $15bn
BR Shetty, the Indian-born founder of collapsed UAE hospital group NMC Health, has filed a lawsuit against Bank of Baroda seeking $15 billion in damages. The claim escalates his long-running dispute with lenders following NMC's 2020 collapse under massive undisclosed debts. The suit against the Indian state-owned bank is likely to draw attention given the sums involved and Shetty's fall from being one of the Gulf's best-known businessmen.
Why now: The unusually large damages claim against a major Indian state bank makes the case newsworthy and controversial.
BR ShettyBank of BarodaNMC Health
Evidence
- NMC founder BR Shetty sues Bank of Baroda for $15bn · Gulf Business
- NMC founder BR Shetty sues Bank of Baroda for $15bn · Gulf Business
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