HDFC Bank Faces Legal Battle Over Splendour Gems Loan Default

  Published 10 months ago

HDFC Bank seeks recovery from Splendour Gems' Rs 65.22 crore default as the Mehta family files legal challenges.

  • Mehta family defaulted on a 1995 loan, a recovery certificate issued in 2004, but the dues remain unpaid.
  • Family files criminal complaints, minority rights petitions; all dismissed or challenged.
  • HDFC condemns allegations as false vows to defend its reputation and recover funds.
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