Lilavati Trust says no dues owed to HDFC Bank

Launching a recent assault on HDFC Bank MD and CEO Sashidhar Jagdishan, Lilavati Kirtilal Mehta Medical Trust (LKMM Belief) on Monday stated the belief or its everlasting trustee Prashant Kishor Mehta has no excellent dues to the personal financial institution.

It has by no means borrowed a single rupee from the financial institution nor they’re linked to the borrowing firm (Splendour Gems Ltd) in query in any respect, LKMM stated in an announcement.

The Belief alleged that the Rs 2.05 crore bribe cash paid to HDFC Bank MD and CEO Sashidhar Jagdishan to assist Chetan Mehta group stay illegally accountable for the LKMM Belief.

There isn’t any denial by MD and CEO on the bribe paid and favour loved by him, the assertion alleged.

The Belief oversees Lilavati Hospital in Mumbai.

The assertion additional stated that civil and felony defamation proceedings have been initiated towards the MD and CEO for over Rs 1,000 crore loss prompted to the Belief. Nevertheless, HDFC Financial institution on Sunday stated the financial institution and its senior officers are being focused by unscrupulous individuals who’re abusing the authorized course of to thwart the restoration of the lengthy excellent mortgage because of the financial institution from recalcitrant defaulters i.e Splendour Gems Ltd (previously generally known as Lovely Diamonds Ltd). Splendour Gems Restricted, an organization owned by the Mehta household, defaulted on mortgage amenities granted by HDFC Financial institution together with the opposite consortium banks in 1995, the financial institution stated in an announcement on Sunday.

The excellent dues in the direction of HDFC Financial institution, together with curiosity, quantity to roughly Rs 65.22 crore as on Could 31, 2025, it had stated.

Regardless of a restoration certificates issued by the Money owed Restoration Tribunal in 2004 and subsequent enforcement actions, the dues stay unpaid. Splendour Gems Ltd additionally has been borrowing from different Banks/establishments, it had stated.

HDFC Financial institution will proceed to pursue all lawful treatments to recuperate public funds and tackle the retaliatory actions taken by the Mehta household in addition to to defend the popularity and integrity of HDFC Financial institution, its Administrators and different staff, it had stated.