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Karnataka HC rejects NRI businessman B R Shetty s plea against banks lookout circulars

A view of High Court of Karnataka. BOB and PNB issued LOCs in May and July 2020 as his companies owe ₹2,800 crore to them In a setback to B.R Shetty, NRI entrepreneur and promoter of UAE-based NMC Healthcare, the High Court of Karnataka has rejected his plea against the action of the Bureau of Immigration restraining him from leaving India based on the Lookout Circulars (LOCs) issued by two public sector banks to whom his companies owe around ₹2,800 crore. The immigration authorities on November 14, 2020 denied him permission to fly to Abu Dhabi in UAE from Bengaluru airport based on two LOCs issued by the Bank of Baroda (BOB) and the Punjab National Bank (PNB) in May and July respectively in relation to recovery of loans granted to companies promoted by him.

City ofUnited kingdomAbu dhabiJustice kumarLondon stock exchangeBureau of immigrationPunjab national bankHigh courtLookout circularsPublic sector banksReserve bankPnb caseLoan recovery casesBr shettyNri entrepreneurNmc healthcare

₹2,800 crore loan default: B R Shetty s plea rejected

Updated: February 17, 2021 03:02 IST It is time law makers and RBI re-visit lending guidelines to ensure public money is well secured, says Court Share Article AAA It is time law makers and RBI re-visit lending guidelines to ensure public money is well secured, says Court In a setback to B.R Shetty, NRI entrepreneur and promoter of UAE-based NMC Healthcare, the High Court of Karnataka has rejected his plea against the action of the Bureau of Immigration restraining him from leaving India based on the Lookout Circulars (LOCs) issued by two public sector banks to whom his companies owe around ₹2,800 crore.

City ofUnited kingdomAbu dhabiJustice kumarLondon stock exchangeBureau of immigrationPunjab national bankHigh courtLookout circularsReserve bankPublic sector banks800 crore loan defaultbr shettys plea rejected bengaluruநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்நீதி குமார்லண்டன் ஸ்டாக் பரிமாற்றம்

Supreme Court Stays Andhra Pradesh HC Order Initiating Contempt Proceedings Against Govt Official For Seeking Recusal Of Judge

Supreme Court Stays Andhra Pradesh HC Order Initiating Contempt Proceedings Against Govt Official For Seeking Recusal Of Judge
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ಅಪಾಯಕಾರಿ ವಸ್ತುಗಳ ಉತ್ಪಾದಿಸುವ ಕಾರ್ಖಾನೆಗಳು ಕಾರ್ಮಿಕರ ಸಾವು, ಗಾಯಗಳಿಗೆ ಪರಿಹಾರ ಕೊಡಬೇಕು: ಎನ್‌ಜಿಟಿ

ಅಪಾಯಕಾರಿ ವಸ್ತುಗಳ ಉತ್ಪಾದಿಸುವ ಕಾರ್ಖಾನೆಗಳು ಕಾರ್ಮಿಕರ ಸಾವು, ಗಾಯಗಳಿಗೆ ಪರಿಹಾರ ಕೊಡಬೇಕು: ಎನ್‌ಜಿಟಿ
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New delhiJustice kumarNational the company limitedGreen tribunalPrivate limitedபுதியது டெல்ஹிநீதி குமார்பச்சை தீர்ப்பாயம்ப்ரைவேட் வரையறுக்கப்பட்டவை

Lalu Yadav Bail Hearing: Lalu Prasad Yadav Bail Plea Hearing Deferred Next Hearing Held on 5 February in Jharkhand High Court

Lalu Yadav Bail Hearing: Lalu Prasad Yadav Bail Plea Hearing Deferred Next Hearing Held on 5 February in Jharkhand High Court
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Lalu prasad yadavLalu smithRajiv sinhaJustice kumarKapil sibalJharkhand high courtLalu prasad yadava high courtHigh courtFodder scamAdvocate kapil sibalLotus kumarJharkhand highDumka treasuryலாலு பிரசாத் யாதவ்ராஜீவ் சீன்ஹாநீதி குமார்