New Delhi, July 4 -- The Supreme Court on Thursday agreed to take up on July 4 a petition filed by HDFC Bank's managing director (MD) and chief executive officer (CEO) Sashidhar Jagdishan seeking quashing of a first information report (FIR) registered against him for alleged cheating and criminal breach of trust. The case, initiated on the complaint of Lilavati Kirtilal Mehta Medical Trust, accuses Jagdishan of accepting Rs.2.05 crore in bribes to aid a group's illegal control over the governance of the Trust. A bench comprising Justices MM Sundresh and K Vinod Chandran took note of a mention made by senior advocate Mukul Rohatgi, who sought urgent hearing and interim protection from coercive action against Jagdishan. "The matter is already directed to be listed for tomorrow," the bench said. Calling the FIR "frivolous", Rohatgi informed the court that at least five judges of the Bombay High Court had recused themselves from hearing the petition filed by Jagdishan to quash the FIR. "I am pressing for a no-coercive action order," submitted Rohatgi, flagging the delay in hearing before the High Court and its adverse implications for his client. The matter comes amid mounting litigation over the functioning and control of the Lilavati Trust, which manages the renowned Lilavati Hospital in Mumbai's Bandra. Earlier this week, the Bombay High Court refused to expedite Jagdishan's petition, rejecting the urgency plea. On June 30, a division bench said there was "no urgency" and listed the case for regular hearing on July 14. The FIR in question was registered by Bandra Police following a May 29 order by a local magistrate, acting on an application moved by the Trust. The police booked Jagdishan and several others, including former trustee Chetan Mehta, under sections 406, 409, and 420 of the Indian Penal Code for criminal breach of trust and cheating. The magistrate noted that the "amount involved is high" and the allegations, prima facie, constituted cognisable offences warranting investigation. According to the complaint filed by the Lilavati Kirtilal Mehta Medical Trust, Jagdishan allegedly received Rs.2.05 crore between March 2022 and June 2023 in return for providing financial advice to benefit the Chetan Mehta group. The Trust claimed the payments were part of a conspiracy to manipulate its governance and oust certain trustees. In its public statement last month, the Trust alleged that Jagdishan, as the head of a prominent private bank, misused his position to interfere in the internal affairs of a charitable institution. It further sought a CBI probe into the matter. The root of the dispute lies in a long-standing feud over the control of the Trust and its assets. In April this year, Prashant Mehta-son of the late Kishor Mehta, Founder Permanent Trustee for Life, approached the magistrate alleging that his father's death in 2024 was due to mental and physical harassment arising from recovery proceedings initiated by HDFC Bank over unpaid loans dating back to the 1990s. Kishor Mehta was the director of Splendour Gems Ltd (earlier Beautiful Diamonds Ltd), which had defaulted on loans worth Rs.14.74 crore plus interest. The Trust alleged that payments to Jagdishan were made at the behest of Chetan Mehta and others to tilt the Trust's internal decisions against Kishor Mehta and his family. A diary purportedly found by Prashant Mehta allegedly recorded these payments, which became the basis of the complaint, the Trust said. In his petition before the Bombay High Court, Jagdishan termed the FIR "retaliatory" and "motivated"....