14
Oct
Bank of Baroda (BoB) has responded to a massive $15 billion lawsuit filed by Bavaguthu Raghuram Shetty, the founder of the troubled NMC Healthcare group, in the Bombay High Court. In an official exchange filing, the state-owned lender stated that while it has noted media reports regarding the legal action, it has not yet been formally served with the suit and therefore cannot comment on the untested pleadings, though it intends to defend its interests vigorously if summoned. Shetty's lawsuit names BoB, ten of its officers, and 15 other defendants, demanding $5 billion each in direct and consequential damages, along…
