The Bombay High Court has set aside a magistrate’s order issuing notice to HDFC Bank Chief Executive Officer and Managing Director Sashidhar Jagdishan in connection with a private criminal defamation case filed by the Lilavati Kirtilal Mehta Medical Trust and its permanent trustee, Prashant Mehta.
The complaint was lodged before the Judicial Magistrate First Class alleging offences of criminal breach of trust under Sections 356(1), 356(2), 356(3) and 3(5) of the Bharatiya Nyaya Sanhita (BNS), 2023. These provisions deal with dishonest misappropriation of property and impose stricter penalties on public servants, bankers, or agents found guilty of such offences.
