Latest news with #PrashantKishorMehta
India Today
2 days ago
- Business
- India Today
Lilavati Trust hits back at HDFC Bank, rejects outstanding dues
The Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), which manages Mumbai's prominent Lilavati Hospital, has launched a strong counter-offensive against HDFC Bank and its top executive, denying any outstanding dues and distancing itself from a loan default case involving Splendour Gems a sharply worded statement issued Monday, the Trust asserted that neither it nor its permanent trustee,trustee, Prashant Kishor Mehta, has ever borrowed from HDFC Bank. 'There is no outstanding due towards the bank. The Trust or its trustee has never taken even a single rupee in loan from HDFC Bank, nor are we connected in any way to the company in question,' LKMM escalation comes a day after HDFC Bank alleged that its senior officials were being targeted by individuals misusing the legal system to avoid repaying long-pending dues. The bank claimed that Splendour Gems Ltd—a company linked to the Mehta family—defaulted on loans worth Rs 65.22 crore as of May 31, response, the Trust doubled down on its accusations against HDFC Bank Managing Director and CEO Sashidhar Jagdishan, alleging he accepted a bribe of Rs 2.05 crore to support a rival group's 'illegal control' of the Trust. 'There is no denial from the MD & CEO on the bribe and undue favour,' the statement Trust further claimed it has initiated civil and criminal defamation proceedings against Jagdishan, seeking damages over Rs 1,000 crore for the alleged harm caused to the HDFC Bank on Sunday maintained that its recovery actions against Splendour Gems Ltd—formerly Beautiful Diamonds Ltd—are lawful and backed by a recovery certificate issued by the Debts Recovery Tribunal in 2004. The bank said its enforcement efforts continue, despite years of delay and resistance from the borrowers.'The Bank and its senior officials are being targeted by unscrupulous persons abusing legal processes to avoid paying their debts,' HDFC Bank said in its statement, adding that it remains committed to recovering public money and defending its dispute has brought renewed focus on the decades-old loan default by Splendour Gems and the simmering internal battle within the Mehta family over control of one of Mumbai's most reputed charitable healthcare inputs from PTI advertisement
News18
2 days ago
- Business
- News18
Lilavati Trust Refutes Dues To HDFC Bank; Lender Plans Legal Action: All You Need To Know
Last Updated: 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.
Time of India
3 days ago
- Business
- Time of India
Lilavati Trust says no dues owed to HDFC Bank
Launching a fresh attack on HDFC Bank MD and CEO Sashidhar Jagdishan , Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) on Monday said the trust or its permanent trustee Prashant Kishor Mehta has no outstanding dues to the private bank. It has never borrowed a single rupee from the bank nor they are connected to the borrowing company ( Splendour Gems Ltd ) in question whatsoever, LKMM said in a statement. The Trust alleged that the Rs 2.05 crore bribe money paid to HDFC Bank MD and CEO Sashidhar Jagdishan to help Chetan Mehta group remain illegally in control of the LKMM Trust. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Schlechter Stuhlgang? Diese Methode funktioniert wie "auf Knopfdruck" Darmschutz Ratgeber Undo There is no denial by MD and CEO on the bribe paid and favour enjoyed by him, the statement alleged. The Trust oversees Lilavati Hospital in Mumbai . Live Events The statement further said that civil and criminal defamation proceedings have been initiated against the MD and CEO for over Rs 1,000 crore loss caused to the Trust. However, HDFC Bank on Sunday said the bank and its senior officials are being targeted by unscrupulous persons who are abusing the legal process to thwart the recovery of the long outstanding loan due to the bank from recalcitrant defaulters i.e Splendour Gems Ltd (formerly known as Beautiful Diamonds Ltd). Splendour Gems Limited, a company owned by the Mehta family, defaulted on loan facilities granted by HDFC Bank along with the other consortium banks in 1995, the bank said in a statement on Sunday. The outstanding dues towards HDFC Bank, including interest, amount to approximately Rs 65.22 crore as on May 31, 2025, it had said. Despite a recovery certificate issued by the Debts Recovery Tribunal in 2004 and subsequent enforcement actions, the dues remain unpaid. Splendour Gems Ltd also has been borrowing from other Banks/institutions, it had said. HDFC Bank will continue to pursue all lawful remedies to recover public funds and address the retaliatory actions taken by the Mehta family as well as to defend the reputation and integrity of HDFC Bank, its Directors and other employees, it had said.
