Bank of Baroda vows to defend $15 bn suit filed by Shetty over NMC collapse
Bank of Baroda announced it will defend a $15 billion lawsuit filed by BR Shetty in the Bombay High Court. Shetty alleges that the bank and former executives contributed to the collapse of NMC Healthcare, seeking $5 billion each for direct and consequential damages, plus $5 billion for reputational harm. The bank aims to protect its interests in the case.