Supreme Court Orders Implementation of Settlement in Ardee Group Family Dispute
SC directs implementation of settlement in Ardee Group family dispute
Asianet Newsable
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The Supreme Court of India has directed the implementation of a mediated settlement in the long-standing family dispute involving the Ardee Group, primarily between sisters Shefali Varma and Shibani Varma Kapur. This settlement addresses ownership and management of significant family assets, marking a significant step towards resolution.
- 01The Supreme Court, led by Justices JK Maheshwari and Atul S Chandurkar, has approved a mediated settlement in the Ardee Group family dispute.
- 02The mediation was overseen by former Supreme Court Judge Justice Kurian Joseph, who reported substantial progress in resolving major disputes.
- 03The settlement includes a division of assets, with Shefali Varma receiving Ardee Mall in Gurugram.
- 04The dispute has been contentious, involving complex issues of ownership and management of valuable family-held assets.
- 05The implementation of the settlement is under judicial oversight, indicating ongoing court involvement.
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The Supreme Court of India has directed the implementation of a mediated settlement in the family dispute surrounding the Ardee Group, which has been the subject of extensive litigation for over two decades. The case primarily involves sisters Shefali Varma and Shibani Varma Kapur, daughters of the late real estate developer Ashok Varma. A breakthrough was achieved through mediation led by former Supreme Court Justice Kurian Joseph, who reported that the parties reached a final and binding Memorandum of Settlement on February 5, 2026. The settlement includes a division of family-held assets, with Shefali Varma acquiring the Ardee Mall in Gurugram, while other properties are to be shared equally between the sisters. The Supreme Court's oversight continues as the implementation process unfolds, marking a significant step towards resolving the longstanding dispute that has garnered considerable public and legal attention due to its association with Ardee City and related assets.
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The resolution of this dispute is expected to clarify ownership and management of significant real estate assets in Gurugram, impacting local stakeholders and the real estate market.
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