B.R. Shetty files Rs 1.44 lakh crore lawsuit against Bank of Baroda
13 Oct 2026Updated 2 hr ago1 source
Businessman B.R. Shetty has filed a massive lawsuit against Bank of Baroda and other defendants, seeking $10 billion (approximately Rs 1.44 lakh crore) in damages. According to the plaint summary dated October 2026, Shetty is claiming $5 billion each in direct and consequential damages, along with interest at 18% per annum.
NIKAN Intelligence
What happened
Businessman B.R. Shetty has initiated legal action against Bank of Baroda and other co-defendants. He is claiming damages totalling $10 billion, split equally between direct and consequential damages, plus an 18% annual interest rate.
Why it matters
The lawsuit represents an extraordinarily high damages claim of Rs 1.44 lakh crore against an Indian state-owned bank, which could have substantial financial implications for the lender depending on the legal outcome.
What we know
- The plaintiff is B.R. Shetty.
- The primary defendant named is Bank of Baroda.
- The total damages sought are $10 billion ($5 billion direct, $5 billion consequential).
- An interest rate of 18% per annum is claimed on the damages.
- The plaint summary is dated October 2026.
What we don't know
- The specific allegations or grievances behind the damages claim.
- The specific jurisdiction or court where this lawsuit has been filed.
- The identities of the other joint and several defendants in the case.
What's next
The formal response of Bank of Baroda to the court summons and the subsequent preliminary legal hearings.
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