The trust that runs Mumbai’s Lilavati Hospital had accused Jagdishan of accepting ₹2.05 crore to help the Chetan Mehta Group retain illegal and undue control over the governance of the trust. It said Jagdishan misused his position as the head of a top bank to interfere in the internal affairs of the organisation.
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A bench comprising Justices MM Sundresh and Nongmeikapam Kotiswar Singh, while also issuing notice to Jagdishan, refused to interfere with the broader findings of the high court that quashed the FIR in the case. However, it said allegations regarding any personal benefit derived by specific individuals may still require examination.
Senior counsel Mukul Rohatgi, appearing for HDFC Bank, said the FIR was the fallout of a long-running dispute between factions of the Mehta family and recovery proceedings initiated by the bank.
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HDFC Bank and its CEO were being drawn into internal disputes within the trust, he said, adding that the allegations lacked any substantive material.
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