FIR by Lilavati Trust against HDFC Bank CEO was out of personal vendetta: Bombay High Court
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Summary
The case lodged by Lilavati Trust against HDFC Bank Managing Director and CEO Sashidhar Jagdishan stemmed from a personal vendetta rather than genuine criminal conduct, the Bombay High Court observed on Tuesday [Sashidhar Jagdishan v. State of Maharashtra & Ors.]In its order order quashing criminal proceedings against Jagdishan, the High said that the case filed by Lilavati Trust against Jagdishan was a fallout of recovery proceedings initiated by HDFC bank against the Trust."A personal vend