The Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) has filed a ₹1,000 crore civil defamation lawsuit against Sashidhar Jagdishan, the Managing Director and Chief Executive Officer of HDFC Bank.
The lawsuit accuses Jagdishan of making malicious and false statements against the Trust and its permanent trustee, Prashant Mehta.
The legal action is seen as a response to what the Trust perceives as a deliberate attempt to tarnish its image and hinder its functioning as a public charitable trust.
LKMM Trust clarifies it has never borrowed from HDFC Bank
Along with the civil defamation suit, the LKMM Trust has also filed a criminal complaint against HDFC Bank’s CEO, spokesperson, and Corporate Communication Head.