SC Declines to Quash FIR Against HDFC Bank MD

No threat of arrest till July 14 when Bombay HC will hear plea: Counsel

- BHAVINI MISHRA & SUBRATA PANDA

The Supreme Court on Friday declined to quash the first information report (FIR) lodged against HDFC Bank's Managing Director and Chief Executive Officer (MD & CEO) Sashidhar Jagdishan by the Lilavati Kirtilal Mehta Medical Trust (LKMMT), which runs Mumbai's Lilavati Hospital.

A bench of Justices P S Narasimha and R Mahadevan declined to intervene in the matter since the Bombay High Court is scheduled to hear the case on July 14.

"If you are not heard, then come here. We sympathise that quash proceedings were initiated in June and bench after bench has recused. We understand that. But now that it is listed...," the apex court bench said.

Jagdishan moved the Supreme Court after three Bombay High Court judges recused themselves from hearing the matter.

Senior advocate Mukul Rohatgi, appearing for Jagdishan, argued that the bank's reputation had taken a hit due to the FIR.