HDFC CEO Takes Lilavati FIR to Supreme Court: Jagdishan Calls the Allegations Baseless and Malicious

HDFC CEO Takes Lilavati FIR to SC: HDFC Bank’s Managing Director and CEO Sashidhar Jagdishan has approached the Supreme Court in a significant legal move. He has filed a petition challenging an FIR lodged against him by the trustees of Mumbai’s renowned Lilavati Hospital. Jagdishan contends that the FIR is completely one-sided, factually baseless, and driven by malicious intent.

According to Jagdishan, the allegations in the FIR are false and aim solely to exert undue pressure on HDFC Bank in an effort to derail legitimate and lawful financial actions being taken by the bank. He described the FIR as a deliberate attempt to damage the reputation and credibility of both himself and the institution he represents.

“The FIR is a Strategy to Avoid Repayment,” Says Rohatgi

During the court proceedings, Senior Advocate Mukul Rohatgi argued that the FIR was filed because the bank was in the process of recovering a substantial amount of money from the hospital.

He stated, “This is a fabricated case, intended to pressurize the bank. It is nothing short of an arm-twisting tactic.”

Case Deferred Three Times in Bombay High Court

Rohatgi further informed the Supreme Court that the case had been brought before the Bombay High Court on three separate occasions, but no bench was able to take up the matter due to various reasons. Hence, they were now seeking relief from the Supreme Court.

Supreme Court Grants Urgent Hearing

Considering the seriousness of the issue, a bench led by Justice M.M. Sundresh ordered the matter to be listed for hearing on Friday. The judge stated, “List the matter for hearing tomorrow.”

The Financial Dispute Remains Vague

While it is evident that the FIR pertains to a financial transaction, neither the exact amount involved nor the specifics of the FIR were disclosed during the hearing. This has raised concerns that the case may involve substantial financial stakes and sensitive documents.

Reputation of Premier Institutions at Stake

The controversy now surrounds two of India’s most prestigious institutions — HDFC Bank and Lilavati Hospital. Therefore, this is not merely a legal battle but one that also affects the reputation and public trust in both entities.

All Eyes on the Next Supreme Court Hearing

All attention is now focused on Friday’s Supreme Court hearing, which will determine whether the FIR will be quashed or if the investigation will proceed further.

This is more than just a legal case — it could become a defining precedent in matters of financial discipline, institutional accountability, and transparency between corporate and social institutions. The Supreme Court’s verdict may have far-reaching implications in shaping future legal and corporate ethics in India.