Loan defaulter diamantaire bags Gujarat hospital project; HDFC Bank livid ...Middle East

Mumbai:  In a bizarre development, a prominent loan defaulter diamantaire from Mumbai — constructing a mega-hospital in the Gujarat International Finance Tech (GIFT) City, Gandhinagar — is now targeted by a leading private bank to recover its old dues. The lender, HDFC Bank, slapped a notice to the Trustees of Lilavati Kirtilal Mehta & Family Medical Trust (LKMFM Trust), which runs the famed Lilavati Hospital, Bandra, with reference to the ongoing proceedings before the Debt Recovery Tribunal-II Mumbai. Way back in 2002, the HDFC Bank had filed proceedings with the DRT-II against Splendour Gems Ltd. (formerly known as Beautiful Diamonds Ltd.) to recover its dues of Rs 14.75 crore from Trust

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