In relief to Lilavati trust, Bombay HC directs IndusInd Bank to encash Rs 65.68 crore FD, transfer it to Union Bank
Indian Express·2h ago·Hope
What Happened
Bombay High Court directed IndusInd Bank to encash Rs 65.68 crore fixed deposit and transfer it to Lilavati Kirtilal Mehta Medical Trust's Union Bank account. The bank had withheld the matured deposit since June 2024, demanding order from charity commissioner citing trustee disputes. Court rejected the demand, granting relief to the hospital trust.
Key Entities
Bombay High CourtIndusInd BankLilavati Kirtilal Mehta Medical TrustUnion Bank of IndiaRs 65.68 croreJustices Makarand S KarnikShriram M Modak