Lilavati Trust Refutes Dues To HDFC Bank; Lender Plans Legal Action: All You Need To Know
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Lilavati Kirtilal Mehta Medical Trust on Monday, 9 June 2025, pinned a fresh set of allegations against HDFC Bank CEO; Key points to know
Lilavati Trust-HDFC Bank Dispute: The Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) has firmly denied any outstanding dues to HDFC Bank and its MD and CEO, Sashidhar Jagdishan, stating that neither the trust nor its permanent trustee, Prashant Kishor Mehta, owes any money to the private lender. In a statement cited by PTI, LKMM Trust also clarified that it has never borrowed from HDFC Bank or had any links to Splendour Gems Ltd, the borrowing company.
In a serious escalation, the trust alleged that a bribe of Rs 2.05 crore was paid to Jagdishan to help the Chetan Mehta Group remain 'illegally" in control of the trust. Notably, the trust claimed that the HDFC Bank CEO did not deny receiving this alleged bribe, according to PTI reports.
The Mehta family-run trust also rejected HDFC Bank's official response, maintaining that the allegations have already been examined by judicial authorities prior to the FIR's registration.
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