Archive · 10 Jun 2025
Lilavati Trust Disputes HDFC Bank's Debt Claim
A hospital trust and HDFC Bank are in a dispute over money.
The bank says the trust owes it money, while the trust says it doesn't owe anything and has authorized a lawsuit.
The trust claims the bank's actions have caused harm, while the bank alleges attempts to hinder debt recovery.
The debt issue goes back to 2004, and the bank is trying to recover approximately 65 crore rupees.
Lilavati Trust denies owing any money to HDFC Bank.
The Trust has authorized Prashant Mehta to sue HDFC Bank's MD/CEO for damages.
HDFC Bank claims approximately ₹65.22 crore is outstanding.
The dispute involves a loan dating back to 2004.
HDFC Bank alleges senior officials are targeted to impede recovery.
- Who
- Lilavati Kirtilal Mehta Medical Trust (LKMMT) and HDFC Bank.
- What
- A dispute over alleged outstanding dues between Lilavati Trust and HDFC Bank.
- When
- The dispute involves a loan dating back to 2004, with recent developments in 2024.
- Where
- Not specified in the article.
- Why
- Disagreement over the repayment of a loan.
Lilavati Trust's Stance
HDFC Bank's Stance
Outstanding Debt
Lilavati Trust's Stance
The Trust denies owing any amount to HDFC Bank.
HDFC Bank's Stance
HDFC Bank claims outstanding dues of approximately ₹65.22 crore.
Recovery Efforts
Lilavati Trust's Stance
The Trust has authorized legal action against the bank.
HDFC Bank's Stance
HDFC Bank states senior officials are allegedly targeted to thwart loan recovery.
- Trust Involved
- Lilavati Kirtilal Mehta Medical Trust (LKMMT)
- Bank Involved
- HDFC Bank
- Alleged Debt Amount
- ₹65.22 crore (as of May 31, 2025)
- Trust Action
- Empowering Prashant Mehta to sue HDFC Bank MD/CEO for damages
- Recovery Certificate Issued
- Hon’ble Debts Recovery Tribunal in 2004
