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Explore WHY B R SHETTY SUED BANK OF BARODA FOR ₹1.44 LAKH CRORE! with 240,378 views, 9,928 likes, and 16 comments. Experience the impact of this video content that has captured audience attention.

Why has billionaire businessman B R Shetty filed a ₹1.44 lakh crore lawsuit against Bank of Baroda? B R Shetty, the founder of UAE-based NMC Healthcare, has approached the Bombay High Court seeking approximately $15 billion in damages from Bank of Baroda and 25 other defendants. The case follows the collapse of NMC Healthcare in 2020, when billions of dollars in previously undisclosed debt came to light. Shetty alleges that former company executives and certain bank officials facilitated improper transactions, ignored financial warnings and relied on loan guarantees bearing signatures he claims were forged. He is seeking $5 billion each for direct losses, consequential business losses and reputational damage, along with interest. Bank of Baroda has stated that it will firmly defend its interests. The allegations have not been established in court. Watch this video to understand the NMC Healthcare collapse, B R Shetty's allegations and the Bank of Baroda lawsuit. Follow AISM India for business news, banking controversies and corporate stories.

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