Expect fair to partly cloudy conditions today with chances of fog and mist formation in some areas
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.
Expect fair to partly cloudy conditions today with chances of fog and mist formation in some areas
Iran fired air defense batteries after reports of explosions near a major airbase at the city of Isfahan
Other requests include residents seeking assistance with cleaning mud accumulation, restoring damaged furniture
Many students wade through waist-deep water to head to neighbour's house for online classes
With 30% of their inventory damaged, owners of Preloved Books now face the daunting task of rebuilding from scratch
Some doctors are already seeing more patients coming in with fever, diarrhoea, and dysentery
Five-time champions hold their nerve to claim victory by nine runs in the final over at Chandigarh
Natasha Abbas is a British civil engineer who co-founded North 51, a project management consultancy in Dubai