Bombay High Court Denies Lilavati Trust's Request Against HDFC Bank in ₹1,000 Crore Case
Bombay HC rejects Lilavati Trust's interim application against HDFC Bank in ₹1,000 crore dispute
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The Bombay High Court has rejected an interim application from the Lilavati Kirtilal Mehta Trust, which sought to stop HDFC Bank from making public statements regarding a ₹1,000 crore loan recovery dispute, citing potential harm to the bank.
- 01The Lilavati Kirtilal Mehta Trust is pursuing ₹1,000 crore in damages against HDFC Bank.
- 02The court found that intervening would cause irreparable harm to HDFC Bank and its executives.
- 03The trust accused HDFC Bank of making defamatory statements about them on various platforms.
- 04Justice Somasekhar Sundaresan presided over the case and delivered the ruling.
- 05The trust has a history of media campaigns against HDFC Bank.
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On Tuesday, the Bombay High Court dismissed an interim application from the Lilavati Kirtilal Mehta (LKMM) Trust, which manages Mumbai's Lilavati Hospital. The trust sought to prevent HDFC Bank and its CEO Sashidhar Jagdishan from publicly discussing a long-standing loan recovery dispute involving ₹1,000 crore. The LKMM Trust alleged that the bank's public statements were defamatory. However, Justice Somasekhar Sundaresan ruled that granting the request would inflict serious and irreversible damage on the bank, especially given the trust's previous media campaigns against it. The court's decision emphasizes the balance between reputational harm and the right to free speech in financial disputes.
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The ruling may influence how financial institutions communicate about ongoing disputes, particularly in high-stakes cases.
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