HDFC Bank Managing Director and Chief Executive Officer Sashidhar Jagdishan has approached the Bombay High Court seeking the quashing of an FIR (First Information Report) filed against him by the Lilavati Kirtilal Mehta Medical Trust, a report said on Wednesday.The Lilavati Hospital in Mumbai is owned by the Lilavati Kirtilal Mehta Medical Trust.According to a report by Bar and Bench, the matter came up for hearing before a bench comprising Justice AS Gadkari and Justice Rajesh Patil. However, both judges recused themselves from hearing the case and it will be passed on to a different bench for hearing.FIR filed against HDFC Bank CEOEarlier this month, the Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) lodged an FIR against HDFC Bank MD and CEO Sashidhar Jagdishan, demanding his immediate suspension and prosecution.The FIR accused Jagdishan of taking a bribe of ₹2.05 crore to enable Chetan Mehta group remain illegally in control of the LKMM Trust. The FIR had called upon the board of HDFC Bank, the RBI, SEBI and the Finance Ministry to suspend Jagdishan from all executive and board roles with immediate effect.Also Read | HDFC Bank rejects allegations of Lilavati Trust against its CEOAlso Read | HDFC Bank, Mehtas, and decades of discord: Timeline Explained“An FIR…was registered under orders of the Bombay Magistrate Court after a seized cash diary revealed ₹14.42 crore misappropriated by trustees, of which ₹2.05 crore was received by Jagdishan, establishing his direct involvement,” the Trust had said in its complaint.HDFC Bank denies chargesThe HDFC Bank had denied all the charges against its CEO when the complaint was filed.During, Wednesday’s hearing, Senior Advocate Amit Desai, representing Jagdishan, also denied all allegations, Bar and Bench reported.“It’s one of the most absurd allegations that he received money from trustees. The absurdity of the allegation is that he allegedly received ₹2 crore to harass HDFC Bank borrowers,” Desai submitted, according to the publication.Also Read | Mehtas’ file FIR against HDFC Bank CEO after Lilavati Trust allegationsThe advocate further suggested that the FIR is a retaliatory move, which stems from HDFC Bank’s recovery proceedings against Splendour Gems Limited, a company owned by the Mehta family. He said that the company has defaulted on loans worth ₹65.22 crore as of May 31.Desai further added that “these actions follow recovery proceedings initiated by the bank against a company owned by the father of one of the trustees.”Earlier in a statement on June 7, the Trust claimed that the FIRs against the HDFC Bank MD and CEO were not based on allegations alone but were substantiated. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
HDFC Bank’s Chief Executive Officer, Sashidhar Jagdishan, has taken legal action by filing a case in the Bombay High Court against the Lilavati Trust. Further information can be found regarding this matter.
