Tue Jul 15 02:20:58 UTC 2025: ## Summary:

The Bombay High Court has adjourned the hearing on a petition filed by HDFC Bank CEO Sashidhar Jagdishan to July 23, 2025. The petition seeks to quash an FIR lodged against him by a trustee of the Lilavati Kirtilal Mehta Medical Trust, Prashant Mehta. The FIR alleges Jagdishan accepted ₹2.05 crore in cash to facilitate financial wrongdoing by a faction of the Mehta family. Jagdishan’s legal team argues the FIR is a retaliatory and baseless attempt to harass him, stemming from the bank’s efforts to recover defaulted loans from a Mehta family company, Splendour Gems. The court has directed that no coercive action be taken against Jagdishan until the next hearing and has requested a consolidated chart of all related petitions.

## News Article:

**HDFC Bank CEO’s Petition Hearing Adjourned in Bribery Case**

**Mumbai, July 15, 2025** – The Bombay High Court has adjourned the hearing on HDFC Bank Managing Director and CEO Sashidhar Jagdishan’s petition seeking to quash an FIR filed against him, until July 23, 2025. The FIR, lodged by Prashant Mehta, a trustee of the Lilavati Kirtilal Mehta Medical Trust, accuses Jagdishan of accepting a ₹2.05 crore bribe to aid alleged financial misconduct within the Mehta family.

Jagdishan’s legal team contends that the accusation is fabricated and part of a “malafide legal harassment” campaign orchestrated by Mehta. They argue the FIR is retaliation for HDFC Bank’s attempts to recover ₹65.22 crore in defaulted loans from Splendour Gems, a company linked to the Mehta family. The defence presented that the Debt Recovery Tribunal had already issued a recovery certificate in 2004.

The court heard arguments that the FIR is a misuse of the criminal process designed to exert pressure on Jagdishan. Following the FIR’s registration, a press campaign and letters to the Reserve Bank of India (RBI) and the HDFC Bank Chairman demanded Jagdishan’s removal.

The court has directed that no coercive action be taken against Jagdishan until the next hearing and has requested a consolidated chart of all related petitions, including those filed by the Asset Reconstruction Company and a plea for transferring the investigation to the CBI. The Economic Offences Wing (EOW) is now investigating the matter. The case highlights an ongoing dispute between factions within the Mehta family.

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