India, July 20 -- The Bombay High Court on Thursday permitted Lilavati Hospital trustee Rajesh Mehta, who is facing recovery proceedings by HDFC Bank over an alleged debt of over Rs.67 crore, to travel abroad for 120 days after directing him to deposit an additional amount of Rs.7.5 crore as security before undertaking the travel.

A division bench of Acting Chief Justice Ravindra V Ghuge and Justice Shyam C Chandak observed that Mehta "has sufficient deep roots, purpose and work in India", for which he would require to come back to the country, after noting no serious apprehension demonstrated by the bank against his travel plans.

Mehta is one of the recovery certificate debtors in a recovery proceeding pending before the Debt Recovery ...