HDFC Bank’s chief executive officer has escalated a brewing dispute with the Lilavati Trust straight to the Supreme Court, seeking to quash the first information report lodged against him. Arguing that the Trust’s complaint amounts to nothing more than a coercive tactic, the CEO’s counsel described the FIR as a frivolous gambit aimed at unsettling the Bank’s leadership rather than addressing any genuine wrongdoing.
In the petition filed before a three-judge bench, the Bank’s legal team painted the Lilavati Trust’s move as an exercise in undue pressure—an arm-twisting strategy that threatens to derail corporate governance and investor confidence. The plea urges the Court to intervene swiftly, emphasizing that allowing the FIR to stand could set a dangerous precedent for using criminal law as a tool of boardroom politics.
