The Bombay High Court on Friday refused interim relief to Vijaypat Singhania’s Singapore- based grandchildren who have challenged a 1998 ...
The Bombay High Court on Friday refused interim relief to Vijaypat Singhania’s Singapore- based grandchildren who have challenged a 1998 settlement agreement between Singhania, chairman emeritus and owner of the Raymond Group, and his estranged son, Madhupati Singhania.
The four grandchildren — Raivathari, Tarini, Rasaalika and Ananya — had asked the court to direct all concerned parties not to deal with the properties and wealth mentioned in the 1998 agreement till it decides on the case. They are being represented by Sharmila U Deshmukh.
According to that agreement, Madhupati and his family relinquished their share of wealth and property. The grandchildren have now alleged the settlement agreement ignored their rights as minors, a claim which has been disputed by Vijaypat Singhania. Viajpat Singhania, in a reply to the high court, said the suits filed by his grandchildren did not show how ancestral property is involved in the agreement.
Singhania, in his affidavit, also said parents being “natural guardians” have a right to enter into an arrangement on behalf of their minor children. Singhanias had also raised the issue of limitation as there has been a delay in filing of the suits by his grandchildren.