SC's mediation bid hits hurdle after Rani Kapur files plea against Priya
New Delhi, May 13 -- The Supreme Court's attempt to broker peace in the bitter inheritance dispute within the family of late businessman Sunjay Kapur appeared to hit an early hurdle on Tuesday, barely days after former Chief Justice of India (CJI) Dhananjaya Y Chandrachud was appointed as mediator, with Kapur's mother Rani Kapur accusing her daughter-in-law Priya Kapur of attempting a "forced takeover" of the disputed estate even during the pendency of the court-monitored mediation process.
Rani Kapur moved a fresh application before the apex court alleging that Priya Kapur and others were continuing efforts to assume control over key companies and assets despite the mediation order passed on May 7.
The application was mentioned before a bench of justices JB Pardiwala and Ujjal Bhuyan, which agreed to hear the plea on May 14 after brief submissions from lawyers representing the rival sides.
Senior advocates Navin Pahwa and Vaibhav Gaggar appeared on behalf of Rani Kapur. Senior advocate Gopal Jain represented Raghuvanshi Investment Private Limited (RIPL) and submitted that since the company is a non-banking financial company (NBFC), the propose appointments were in compliance with RBI's guidelines.
The court, however, retorted: "Looks like we have entered into an arena where Mahabharata will look very small... We will look into it (application)."
In her application filed through advocate Smriti Churiwal, Rani Kapur referred to a notice issued by RIPL convening a board of directors meeting on May 18, alleging that the move was aimed at bypassing the mediation process initiated by the top court.
"It is submitted that this notice has been issued at the behest of the Respondent No. 1 (Priya), along with her aides, being the Respondent Nos. 3 (director at RIPL) and 4 (RIPL's company secretary), who have planned to bypass this Hon'ble Court's process and make the upcoming court-monitored mediation infructuous with the sole motive and purpose of a forced takeover of the Company's finances and management and the disputed family estate," the plea stated....
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