Supreme Court to hear HDFC Bank MD’s plea to quash FIR

The Supreme Court on Thursday (July 3, 2025) agreed to urgently hear on July 4 a plea filed by HDFC Bank CEO and MD Sashidhar Jagdishan to quash a First information Report (FIR) registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust, which runs the Mumbai-based Lilavati Hospital, accusing him of accepting a bribe of ₹2.05 crore.

A Bench of Justices M.M. Sundresh and Vinod Chandran listed the case for July 4 following an oral mentioning made by senior advocate Mukul Rohatgi, appearing for Mr. Jagdishan.

The Trust has accused Mr. Jagdishan of accepting the money to provide financial advice to a certain group of trustees to retain illegal and undue control over the Trust’s governance. The Trust accused him of interfering in its internal affairs and misusing his position as the head of a leading private bank. He was booked for cheating and criminal breach of trust.

“This is an urgent matter. I request listing tomorrow on behalf of the bank and its MD. A frivolous FIR has been lodged against the MD and the bank by trustees of Lilavati hospital who are litigating against the other group of trustees,” Mr. Rohatgi submitted.

Mr. Rohatgi said the FIR was only an arm-twisting technique, and the bank was owed money.

He said three Benches of the Bombay High Court had recused from hearing the case. The Trust had separately moved a plea in the High Court seeking a CBI probe.