BR SHETTY OF NMC OWES OVER $250 MN TO BOB

DUBAI/MUMBAI: Bank of Baroda is seeking to recover loans worth more than $250 million from NMC founder BR Shetty and his firms and an Indian court has barred him from selling or transferring some properties while it hears the case, a document showed. The 16 properties in cities including Bengaluru were among guarantees put up by Shetty and his wife against the $253 million loans, according to a May 16 court order.