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Lilavati Trust case: Bad news for HDFC CEO Shashidhar as SC refuses to…
24htopnews | July 4, 2025 7:06 PM CST

The Supreme Court on Friday declined to entertain a petition filed by HDFC Bank CEO and MD Sashidhar Jagdishan who sought to challenge an FIR registered against him for alleged cheating and fraud. The complaint was filed by the Lilavati Kirtilal Mehta Medical Trust which operates the renowned Lilavati Hospital in Mumbai. A bench of Justices P S Narasimha and R Mahadevan noted that the matter was already listed for hearing on July 14 before the Bombay High Court. SC On Plea By HDFC CEO We are not inclined to entertain the matter. We will not apply our mind to the merits. If matter is not heard on 14th you come back. We hope and trust that high court will take the matter up on the designated date the bench said. Senior advocate Mukul Rohatgi appearing for Jagdishan submitted that the bank has been roped in a private dispute. The idea is to summon the MD to police station. No proceedings should be taken against the MD he said. Rohatgi said they had moved the Bombay High Court but three benches of the high court have so far recused themselves from hearing the matter. Allegations Against HDFC CEO According to the complaint filed by the Trust Jagdishan allegedly accepted a bribe of Rs 2.05 crore in exchange for providing financial advice to help the Chetan Mehta Group retain illegal and undue control over the Trusts governance. The Trust has accused Jagdishan of misusing his position as the head of a leading private bank to interfere in the internal affairs of a charitable organisation. Jagdishans plea seeking quashing of the first information report (FIR) was first listed in the high court in June. The FIR against Jagdishan was registered at the Bandra police station following an order by a Bandra magistrate court under section 175 (3) of the Bharatiya Nagarik Suraksha Sanhita (BNSS) based on an application moved by the Trust. He was booked under alleged charges of cheating and criminal breach of trust by a public servant. In a public statement issued earlier this month the Trust alleged that the Rs 2.05 crore payment was part of a larger conspiracy to loot the Trust and manipulate its decision-making processes in favour of the Chetan Mehta Group. (With Inputs From PTI)


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