Defamation Lawsuit: Lilavati Trust Takes on HDFC Bank
The Lilavati Kirtilal Mehta Medical Trust has filed a Rs 1,000 crore defamation lawsuit against HDFC Bank's CEO, Sashidhar Jagdishan, over allegedly false statements. The Trust, responsible for Mumbai's Lilavati Hospital, seeks to defend its reputation amidst contentious allegations related to a linked company, Splendour Gems.
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The Lilavati Kirtilal Mehta Medical Trust has announced a significant legal confrontation, filing a Rs 1,000 crore civil defamation lawsuit against Sashidhar Jagdishan, the Managing Director and CEO of HDFC Bank. The suit accuses Jagdishan of making malicious statements about the Trust, which manages Mumbai's renowned Lilavati Hospital.
According to the Trust, these statements are an attempt to undermine its reputation and disrupt its operations as a reputable charitable institution. In parallel to the civil proceedings, the Trust has pursued criminal action, prompting the issuance of notices to HDFC's CEO and other key representatives by the Girgaon Metropolitan Magistrate.
The Trust emphasizes its status as a non-borrowing entity with HDFC, countering claims of involvement with the financially troubled Splendour Gems. Conversely, HDFC Bank maintains its innocence, alleging that the accusations are a strategic legal misuse designed to evade financial liabilities related to significant debts owed by Splendour Gems.
(With inputs from agencies.)
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