HDFC Bank Faces Legal Battle Over Splendour Gems Loan Default

  Published 1 year 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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