Bavaguthu Raghuram Shetty vs Bank of Baroda and others

Timeline

1. 31 Oct 2026News

   NMC Health founder seeks settlement, security from Bank of Baroda in $15 billion suit

   Two interim applications, affirmed on Thursday, have been filed in a commercial suit, in which the NMC Healthcare founder has accused the public sector lender and 25 other defendants of fraud, negligence and collusion.

   India Today

   Explanation in simple terms

   What:

   The founder of a healthcare firm asked to settle and requested security in a large lawsuit.

   Who:

   Bavaguthu Raghuram Shetty is the founder, while Bank of Baroda and others are defendants accused of wrongdoing.

   When:

   Reported on 31 Oct 2026.

   Where:

   Bombay High Court, Maharashtra.

   Why:

   The founder claims the bank and other parties participated in fraud, negligence, and collusion.

   What it means:

   The court must now consider these two new requests filed by the founder within the ongoing commercial case.

2. 29 Oct 2026News

   Dr. Shetty moves Bombay High Court seeking directions against Bank of Baroda in NMC Healthcare case

   Dr. Bavaguthu Raghuram Shetty (BR Shetty), the founder and promoter of UAE-based failed healthcare venture NMC Healthcare & UAE Exchange, has filed two interim applications in the Bombay High Court seeking Bank of Baroda to secure, earmark or at least disclose his $15 billion damages claim against it and to preserve all forensic imaging of its systems and the $600 million NMC Health settlement papers.

   The Hindu

   Explanation in simple terms

   What:

   Dr. BR Shetty filed two applications asking the court to order the Bank of Baroda to disclose information.

   Who:

   Dr. BR Shetty is the founder of NMC Healthcare. The Bank of Baroda is the bank involved in this matter. The Bombay High Court is the judicial body reviewing the request.

   When:

   Reported on 29 Oct 2026.

   Where:

   Bombay High Court, Maharashtra.

   Why:

   He wants the bank to earmark his damages claim, preserve forensic data, and provide specific settlement papers.

   What it means:

   The court must now decide whether to grant these requests to secure information or disclose documents.