Chetan Mehta has no relation to Mehta family defaulters mentioned by HDFC Bank, says lawyer

Chetan Mehta has no connection to defaulters connected to Lilavati hospitals that HDFC Bank has identified in a press release on 8 June, as per a statement from his lawyer Simran Singh of Sakura Advisory.

“It is hereby clarified that reference to the Mehta family in the HDFC press statement does not include my client, Mr. Chetan Mehta. My client is in no way related to the recalcitrant defaulters i.e. Splendour Gems Limited (formerly known as Beautiful Diamonds Limited). These are entities owned by Mr. Kishore Mehta and his sons Mr. Rajesh Mehta, Mr. Rajiv Mehta, and Mr. Prashant Mehta,” the statement from Chetan Mehta’s lawyer said.

On June 7 the Lilavati Kirtilal Mehta Medical Trust made allegations against HDFC Bank’s managing director and chief executive officer Sashidhar Jagdishan claiming he had acted on the behest of former trustees.


HDFC Bank clarified on 8 June to stock exchanges that the allegations by the trust’s Mehta family were an abuse of the legal process and that they have been thwarting the recovery of long standing loans they had obtained from the bank which remain unpaid. It named Splendour Gems as a recalcitrant defaulter.

Chetan Mehta is a descendant of Kirtilal Manilal Mehta and became a trustee of the hospital in 2007. He is fighting in court claiming his legitimacy as a trustee of the hospital.

Further, Chetan Mehta distanced himself from the allegations made against HDFC Bank's Jagdishan, as per the statement from his lawyer.

"My Client clarifies that he has no part in this malicious tirade against the HDFC bank or it’s MD and CEO. My client holds the institution in the highest esteem. These allegations by the alleged trustees of the Lilavati Trust, Mr. Prashant Mehta and Mr. Parambir Singh are manifestly driven by their agenda of usurping control of the Lilavati Trust and Hospital," the statement said.