B R Shetty owes Rs 1,913 crore to Bank of Baroda


Team Udayavani, May 20, 2020, 11:06 AM IST

Bengaluru: Troubled millionaire medical industry magnate B R Shetty owes more than Rs 1,913 crore in loans taken from the Bank of Baroda states a city court’s document.

The court order has also prohibited Shetty and his wife from selling their properties located in many Indian cities including Bengaluru. These properties were put up as guarantees to procure the loans from the bank.

Shetty, the founder of the New Medical Centre in Dubai, has seen his properties and banks accounts in the UAE put under administrative control by the country’s government after it was revealed that his debts run more than $6.5 billion dollars rather than the earlier reported $2.1 billion.

The court will have its next hearing in the on June 8, the order read.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Maharashtra Polls: Eknath Shinde targets Uddhav for `giving up’ Bal Thackeray’s principles for power

Will appear before Lokayukta for questioning in MUDA case, says CM Siddaramaiah

Lies have short life, Cong’s ‘fake’ narrative smashed: Fadnavis

Temple idols found desecrated in Hyderabad, case registered

SC junks plea against quashing of LOC issued to ex-house help of Sushant Singh Rajput

JPC chairman Jagdambika Pal to visit K’taka on Nov 7 to meet farmers protesting Waqf notices

Indian boxer Mandeep Jangra wins WBF’s world title

Related Articles More

Waqf Issue: JPC chair Jagdambika Pal to visit Hubballi, Vijayapura on November 7

Shivamogga: Wild elephant dies due to electrocution form farm fence; Landowner detained

Bengaluru airport collaborates with Echoes of Earth festival for 5th consecutive year

Will appear before Lokayukta for questioning in MUDA case, says CM Siddaramaiah

Ex-PM Gowda jumps into campaign fray, seeks support for grandson in Channapatna bypoll

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Malegaon blast trial: Court issues bailable warrant against Pragya Thakur

Waqf Issue: JPC chair Jagdambika Pal to visit Hubballi, Vijayapura on November 7

Maharashtra Polls: Eknath Shinde targets Uddhav for `giving up’ Bal Thackeray’s principles for power

Shivamogga: Wild elephant dies due to electrocution form farm fence; Landowner detained

Folk singer Sharda Sinha’s condition critical, PM in direct contact with treating doctors

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.