Supreme Court Denies Stay on Raghuvanshi Investment Board Meeting Amid Inheritance Dispute
SC refuses to stay Raghuvanshi Investment board meeting in Sunjay Kapur inheritance dispute
The Economic TimesImage: The Economic Times
The Supreme Court of India has declined to stay a board meeting of Raghuvanshi Investment, linked to the inheritance dispute of late industrialist Sunjay Kapur. While allowing the meeting to proceed, the court prohibited discussions on appointing new directors and changing bank signatories until mediation efforts are completed.
- 01Supreme Court refused to stop Raghuvanshi Investment's board meeting.
- 02Court prohibited agenda items related to new directors and bank signatories.
- 03Mediation efforts are ongoing to resolve the inheritance dispute.
- 04Former Chief Justice DY Chandrachud appointed as mediator.
- 05Next hearing scheduled for August 6.
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The Supreme Court of India has ruled against a request to halt a board meeting of Raghuvanshi Investment, part of the inheritance dispute surrounding the estate of late industrialist Sunjay Kapur. The court's decision comes after Kapur's mother, Rani, sought to prevent his wife, Priya, from convening the meeting. However, the court specified that discussions regarding the appointment of two new independent directors and changes to the company's bank account signatories should not occur during the scheduled meeting on May 18. The court emphasized the importance of amicable resolution and urged all parties to approach mediation with a cooperative mindset. Former Chief Justice DY Chandrachud has been appointed as the mediator in this case, with the next hearing set for August 6. Justice JB Pardiwala highlighted the need for a resolution, especially considering Rani's age, stating that all parties should aim to settle the dispute rather than prolong it.
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