<p>Bank of Baroda is seeking to recover loans worth more than $250 million from NMC founder B R Shetty and his companies and an Indian court has barred him and his wife from selling or transferring some properties while it hears the case, a court document showed.</p>.<p>The 16 properties in several Indian cities including Bengaluru were among guarantees put up by Shetty and his wife against the Rs 1,913 crore ($253 million) loans, according to a May 16 court order seen by Reuters. The court in Bengaluru set the next hearing in the case for June 8.</p>.<p>NMC, the largest private healthcare provider in the United Arab Emirates, 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.</p>.<p>Finablr, in which Shetty has a controlling stake, said in April it may have nearly $1 billion more in debt than previously reported.</p>.<p>Shetty and Bank of Baroda did not immediately respond to a Reuters request for comment.</p>.<p>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. ($1 = 75.6450 Indian rupees)</p>
<p>Bank of Baroda is seeking to recover loans worth more than $250 million from NMC founder B R Shetty and his companies and an Indian court has barred him and his wife from selling or transferring some properties while it hears the case, a court document showed.</p>.<p>The 16 properties in several Indian cities including Bengaluru were among guarantees put up by Shetty and his wife against the Rs 1,913 crore ($253 million) loans, according to a May 16 court order seen by Reuters. The court in Bengaluru set the next hearing in the case for June 8.</p>.<p>NMC, the largest private healthcare provider in the United Arab Emirates, 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.</p>.<p>Finablr, in which Shetty has a controlling stake, said in April it may have nearly $1 billion more in debt than previously reported.</p>.<p>Shetty and Bank of Baroda did not immediately respond to a Reuters request for comment.</p>.<p>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. ($1 = 75.6450 Indian rupees)</p>