Ex-SC judge to mediate Rs.1L-cr Kalyani family wealth dispute
New Delhi, July 14 -- The Supreme Court on Monday appointed its former judge, justice L Nageswara Rao, as mediator to explore the possibility of an amicable settlement in the decades-old property dispute involving members of the Kalyani family, whose ancestral wealth is estimated to be worth over Rs.1 lakh crore.
A bench comprising Chief Justice of India Surya Kant and justices Joymalya Bagchi and V Mohana asked the two sides to approach justice Rao during the course of the day so that mediation could commence from Tuesday.
The court also directed that proceedings before the Bombay high court shall remain stayed and posted the matter for hearing after two weeks.
The dispute pits industrialist and Bharat Forge chairman Baba Kalyani against h...
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