New Delhi, March 24 -- Priya Sachdev Kapur has moved to oust her estranged mother-in-law, Rani Kapur, from a trust set up by the late Sunjay Kapur that controls the promoter entity of listed Sona BLW Precision Forgings Ltd, escalating a battle for ownership of the auto components firm, valued at over $3 billion.
In a notice issued to Rani Kapur on 24 March, Priya Kapur said that the actions of her mother-in-law have been adverse to the interests of the RK Family Trust due to which she is being removed from the trust.
This comes after Rani Kapur issued a notice to remove Priya as one of the trustees on 21 March, about two months after filing a civil suit in Delhi High Court asking for the court to void the trust.
"Trust law does not per...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.