Amount owed by BR Shetty to public sector banks is more than 1/3rd of annual budget of Sikkim: Karnataka High Court upholds travel restrictions

Shetty, who owes Rs. 2,800 crores to banks, as a guarantor was denied permission to board his flight from India to Abu Dhabi in November 2020.
Amount owed by BR Shetty to public sector banks is more than 1/3rd of annual budget of Sikkim: Karnataka High Court upholds travel restrictions
BR Shetty, Karnataka HC

The money owed by Indian-origin UAE businessman BR Shetty to public sector banks is more than one-third of the annual budget of a State like Sikkim, the Karnataka High Court observed on Tuesday as it upheld the travel restrictions imposed on Shetty by the Central government.

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