The Bombay High Court on Monday (July 14) granted hearing to HDFC Bank CEO and MD Sashidhar Jagdishan’s plea against FIR of cheating and fraud based on a complaint by the Lilavati Kirtilal Mehta Medical Trust.Lilavati Kirtilal Mehta Medical Trust runs the prominent Lilavati Hospital in Mumbai.
During the hearing, Jagdishan submitted that the FIR stemmed from an ongoing family dispute among the members of Lilavati Trust. He termed the FIR as vexatious, frivolous and absurd and sought interim protection from summons by the police.
The next date of hearing is July 23. Mumbai Police submitted before the court that investigation is underway in the case. The Economic Offence Wing was investigating the allegations that Jagdishan allegedly accepted a bribe of ₹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 hearing happened after four judges of the Bombay High Court recused from hearing the case.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 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 ₹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.The Trust has also filed a petition before the high court seeking a Central Bureau of Investigation (CBI) probe into the matter.First Published: Jul 14, 2025 4:32 PM IST
