Lilavati Trust Files Lawsuit Against HDFC Bank CEO Over Alleged Defamation

The Lilavati Kirtilal Mehta Medical Trust has filed a ₹10-billion defamation suit against HDFC Bank CEO Sashidhar Jagdishan, accusing him of making false statements to malign the trust and its trustee Prashant Mehta, the trust said in a release.

It has also filed a criminal complaint, with a Mumbai court issuing notices to Jagdishan and two other HDFC Bank officials. The trust claims a "sustained smear campaign" and questioned financial irregularities linked to an ongoing loan dispute.