Latest news with #SashidharJagdishan
Time of India
5 days ago
- Business
- Time of India
Bombay high court judge recuses from hearing HDFC Bank CEO plea seeking to quash FIR against him
Mumbai: Yet another Bombay high court judge on Thursday declined to hear MD and CEO Sashidhar Jagdishan's petition to quash an FIR registered against him on a complaint by a trust that manages Lilavati Hospital. Tired of too many ads? go ad free now Lilavati Kirtilal Mehta Medical Trust accused Jagdishan of accepting over Rs 2 crore bribe to aid a rival group to retain legal control over the trust. Following a magistrate's order on the trust's complaint, Bandra police on May 31 registered an FIR against Jagdishan for cheating and criminal breach of trust by a banker. When the matter came up before Justices Mahesh Sonak and Jitendra Jain on Thursday, the latter disclosed he held shares in HDFC Bank. As the trust's advocate objected, he recused himself from the matter. Last week, judges on two benches similarly recused themselves.
Time of India
5 days ago
- Business
- Time of India
Several HC benches recuse from hearing fraud case involving HDFC Bank CEO Sashidhar Jagdishan
Several Bombay High Court judges have recused themselves from hearing Sashidhar Jagdishan's plea. Jagdishan, the HDFC Bank CEO, seeks to quash an FIR against him. The Lilavati Kirtilal Mehta Medical Trust filed the complaint. The Trust alleges Jagdishan accepted a bribe. The bribe was allegedly for helping the Chetan Mehta Group control the Trust. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Several benches of the Bombay High Court have recused from hearing HDFC Bank CEO and MD Sashidhar Jagdishan's plea to quash an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust While some judges cited having worked with either the Trust or the lawyers appearing for it, one judge on Thursday voluntarily disclosed that he held few shares of the HDFC Bank Senior counsel Amit Desai appearing for Jagdishan said they do not have an objection with the same but counsel Niteen Pradhan appearing for the Trust took an to this, the bench of Justices M S Sonak and Jitendra Jain recused and said the matter shall be placed before another to the complaint filed by the Trust, which owns and manages the prominent Lilavati Hospital in Mumbai, 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 Trust's 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 plea seeking quashing of the first information report (FIR) was first listed earlier this month before a bench of Justices A S Gadkari and Rajesh Patil recused, after which the matter was listed before the bench led by Justice Sarang bench, too, recused that, the plea came up for hearing before other division benches of Justices Revati Mohite Dere, G S Kulkarni and Arif Doctor, B P Colabawalla and M M all the benches matter will now have to be placed before another 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 was booked under charges of cheating, criminal breach of trust, and criminal breach of trust by a public a public statement issued earlier this month, the Trust alleged that the Rs 2.05 crore payment was as part of a larger conspiracy to "loot" the Trust and manipulate its decision-making processes in favour of the Chetan Mehta Trust has also filed a petition before the high court seeking a Central Bureau of Investigation (CBI) probe into the matter.
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Business Standard
5 days ago
- Business
- Business Standard
Multiple HC benches recuse from hearing plea of HDFC Bank CEO in fraud case
Several benches of the Bombay High Court have recused from hearing HDFC Bank CEO and MD Sashidhar Jagdishan's plea to quash an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust. While some judges cited having worked with either the Trust or the lawyers appearing for it, one judge on Thursday voluntarily disclosed that he held few shares of the HDFC Bank. Senior counsel Amit Desai appearing for Jagdishan said they do not have an objection with the same but counsel Niteen Pradhan appearing for the Trust took an objection. Pursuant to this, the bench of Justices M S Sonak and Jitendra Jain recused and said the matter shall be placed before another bench. According to the complaint filed by the Trust, which owns and manages the prominent Lilavati Hospital in Mumbai, 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 Trust's 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. Jagdishan's plea seeking quashing of the first information report (FIR) was first listed earlier this month before a bench of Justices A S Gadkari and Rajesh Patil. Justice Patil recused, after which the matter was listed before the bench led by Justice Sarang Kotwal. This bench, too, recused itself. After that, the plea came up for hearing before other division benches of Justices Revati Mohite Dere, G S Kulkarni and Arif Doctor, B P Colabawalla and M M Sathaye. But all the benches recused. The matter will now have to be placed before another bench. 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 charges of cheating, criminal breach of trust, 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 as part of a larger conspiracy to "loot" the Trust and manipulate its decision-making processes in favour of the Chetan Mehta Group. The Trust has also filed a petition before the high court seeking a Central Bureau of Investigation (CBI) probe into the matter.
Time of India
7 days ago
- Time of India
Mumbai's Lilavati Hospital trust seeks CBI probe against HDFC Bank CEO, moves Bombay high court
Mumbai: The trust that manages Lilavati Hospital in Bandra has filed a petition in Bombay high court seeking transfer of investigation in a bribe case against HDFC Bank MD and CEO Sashidhar Jagdishan to Central Bureau of Investigation (CBI). Lilavati Kirtilal Mehta Medical Trust accused Jagdishan of accepting over Rs 2 crore bribe to aid a rival group to retain legal control over the trust. Following a magistrate's order on the trust's complaint, Bandra police on May 31 registered an FIR against Jagdishan for cheating and criminal breach of trust by a banker. Last week, Jagdishan moved HC to quash the FIR saying it is "malicious retaliation" to recovery proceedings initiated by the bank against a company owned by a trustee's family. As judges on two benches recused from hearing the matter, it will be assigned to a new bench. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai The petition states that since Jagdishan qualifies as a public servant under the Prevention of Corruption Act, a central agency like CBI must conduct the probe.
Hindustan Times
21-06-2025
- Business
- Hindustan Times
Lilavati trust slaps ₹1,000-crore defamation suit on HDFC Bank CEO
MUMBAI: The legal confrontation between the Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), which runs the prominent Lilavati Hospital in Bandra West, and HDFC Bank CEO Sashidhar Jagdishan escalated this week, with the trust filing a ₹ 1,000-crore defamation lawsuit against the banker. This move comes just two days after Jagdishan approached the Bombay High Court seeking to quash an FIR that accuses him of accepting a ₹ 2.05 crore bribe in a case linked to the trust. Lilavati trust slaps ₹ 1,000-crore defamation suit on HDFC Bank CEO Filed before a civil court, the suit accuses Jagdishan of making 'malicious, false, and defamatory statements' against the trust and its permanent trustee Prashant Mehta. In a strongly worded statement, the trust said the legal action was necessary to counter what it described as a 'coordinated campaign' to malign its reputation and obstruct its functioning as a public charitable institution. Separately, the trust has also filed a criminal complaint with a magistrate court in Girgaon. On June 16, the court issued notices to Jagdishan, HDFC Bank CEO Madhu Chibbar, the bank's corporate communications head, and others named in the complaint. 'This marks a significant step in holding the HDFC CEO accountable for what the trust alleges is a deliberate and sustained smear campaign,' the trust said. Responding to Jagdishan's court petition, the trust questioned his attempt to discredit valid judicial orders and FIRs. 'We have full faith in the Indian judiciary. Unlike Mr Jagdishan, who seeks to label due legal process as frivolous, we have followed the rule of law at every step,' it said. The trust also challenged HDFC Bank's claim of a ₹ 65 crore loan tied to Splendour Gems, a firm owned by the Mehta family. 'The bank initially cited an outstanding of ₹ 5 crore. This sudden escalation to ₹ 65 crore is an imaginary figure, a smokescreen created by Jagdishan to distract regulators and the public from his own corruption,' the trust alleged. Among the more serious accusations is that Jagdishan accepted free medical treatment and was involved in facilitating illegal financial transactions—including a ₹ 2.05 crore bribe, ₹ 48 crore in undisclosed deposits, and ₹ 1.5 crore allegedly routed to doctors under the guise of CSR. 'The ₹ 48 crore was deposited without the consent of founder-trustees and without mandatory high court approval, despite an operational injunction. This constitutes gross contempt of court,' the statement said. Calling the bank's allegations baseless and unsupported by documentation, the Trust reiterated that it has never been a borrower of HDFC Bank. 'On the contrary, we have been a lender—placing ₹ 48 crore in fixed deposits and bonds,' it said. 'This is not just a legal battle. It is a stand for truth and institutional accountability. When the head of a major financial institution targets a charitable trust with falsehoods while failing to back his claims with documents, it becomes clear the intent is not justice but intimidation,' said Prashant Mehta, permanent trustee of LKMM Trust. In his plea before the High Court two days ago, Jagdishan has strongly denied all allegations, calling the FIR 'malicious and vindictive' and accusing the complainant of misusing the name of the Lilavati Trust to settle personal scores.
