HDFC Bank CEO moves HC against FIR by Lilavati Trust, new bench to hear plea

HDFC Bank Managing Director and CEO Sashidhar Jagdishan has filed a petition at the Bombay High Court challenging the First Information Report (FIR) filed against him on a complaint by Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), which owns the Lilavati Hospital, a prominent healthcare institution in Mumbai.

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However, today during the hearing, Prashant Mehta, the Permanent Trustee of the Trust, raised an objection to Justice Nitin Jain hearing the plea, citing that the judge holds shares in HDFC Bank.

Although Justice Jain had voluntarily disclosed his shareholding, Mehta argued that it posed a conflict of interest.

Jagdishan's lawyers, however, submitted that they had no objections to Justice Jain being part of the bench. Despite this, the Court ac-knowledged Mehta's objections and directed that the matter be listed before another bench that does not include Justice Jain.