Grandchildren sue Raymond chairman Singhania for property

April 6, 2015

Mumbai, Apr 6: A suit filed by the grandchildren of Dr Vijaypath Singhania, chairman emeritus of Raymond Ltd, seeking claim on the ancestral property, was today adjourned till April 20 by the Bombay High Court to allow all respondents to file their reply affidavits.

singhaniaSinghania's grandchildren - Ananya (29), Rasaalika (26), Tharini (20) and Raivathari (18) - had filed a suit in the High Court earlier this year challenging the agreement signed on December 30, 1998, between their parents - Madhupati and Anuradha - and Vijaypath Singhania whereby their parents had given up theirs as well as their children's rights over the ancestral properties.

The suit came up for hearing before Justice Gautam Patel today who adjourned it till April 20 granting the respondent parties time to file affidavits. The court on April 20 will also hear the plaintiffs (grandchildren) on the interim relief sought by them.

The grandchildren had by way of interim relief sought that till the time the court decides finally on the issue, all the concerned parties be directed not to deal with the properties/ shares mentioned in the agreement of 1998.

The grandchildren have made their parents, Dr Singhania and Raymond Ltd as defendants in the suit. They have appointed their maternal grandfather Devkumar Aggarwal, as constituted attorney.

In 1998, Dr Singhania and Madhupati decided to part ways after discord over difference in management styles. As per the agreement, Madhupati settled in Singapore with his family and gave up their share in the family wealth. They also gave up the share of their minor children.

The grandchildren have now challenged the agreement and termed it as prima facie illegal and claimed that they and their parents were treated with utmost discrimination and gross injustice and against the traditions of the Singhania family.

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News Network
March 6,2020

Mumbai, Mar 6: A Rolls Royce car, paintings of famous artists M F Hussain and Amrita Sher-Gil, designer handbags and other luxury items belonging to fugitive diamond jeweller Nirav Modi garnered over Rs 51 crore in the second auction conducted on Thursday.

As many as 40 items went under the hammer on Thursday, which marks the completion of auction of assets seized by the Enforcement Directorate.

The auction was conducted by Saffronart on behalf of the deputy director, Enforcement Directorate, and was expected to garner a minimum of Rs 40 crore in proceeds.

A collection of 112 prized assets of Modi were put up for live and online auctions from March 3 to 5, which included major artworks by contemporary and modern Indian artists, designer handbags, luxury watches and cars.

While the online auction on March 3-4 garnered Rs 2.04 crore against the expected proceeds of Rs 52 lakh, the live auction on Thursday garnered Rs 51.41 crore more.

These assets, seized by the ED, were put on auction in an attempt to recover a part of the dues Modi owes to various banks.

According to officials from Saffronart, the ED would get Rs 53.45 crore from the proceeds of these two auctions.

The lots that went under the hammer included legendary painter MF Hussain's painting of 'Battle of Ganga and Jamuna- Mahabharata 12' which went for a record 12 crore, the highest price received so far for the painter's work.

Amrita Sher-Gil's rare 1935 painting 'Boys with Lemons', which was auctioned for the first time, sold for Rs 15.7 crore ($2.24 million).

V S Gaitonde's tranquil 1972 painting was sold for Rs 9.52 crore while Manjit Bawa's Untitled 1992 sold for Rs 6.16 crore. Modi's Rolls Royce Ghost witnessed a high demand, selling for twice its estimate at Rs 1.68 crore ($240,000).

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Agencies
February 11,2020

Bhadohi, Feb 11: With just two days left for the State Budget Session, a widow from Uttar Pradesh''s Bhadohi district has accused BJP MLA Ravindranath Tripathi and six others of sexual harassment over the years, the police said.

The incident is likely to cause considerable embarrassment to the ruling Yogi Adityanath government.

Bhadohi Superintendent of Police (SP) Ram Badan Singh said: "The woman, whose husband died in 2007, met the BJP MLA Ravindranath Tripathi''s nephew in 2014. She said that she was physically exploited by him for many years on the pretext of marriage."

The complainant also said that the nephew then got her lodged in a Bhadohi hotel for about a month during the 2017 Uttar Pradesh Assembly elections, "where she was raped by the MLA and his other family members".

The case has been handed over to the Additional Superintendent of Police for further investigations.

A case is yet to be registered.

The Uttar Pradesh Budget Session starts from Thursday.

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News Network
April 19,2020

New Delhi, Apr 19: With 1,334 fresh cases of coronavirus reported in the last 24 hours, the total number of confirmed cases of COVID-19 in India has reached 15,712 including 507 deaths, said Lav Aggarwal, Joint Secretary, Health and Family Welfare, here on Sunday.

As many as 2,231 people have recovered from the disease so far, said Aggarwal during the daily media briefing on the coronavirus. "This equals 14.1 per cent of the total cases," he added.

"A total of 15,712 confirmed cases have been reported in India including 507 deaths and 2,231 people, who were COVID-19 positive, have recovered. Out of the total deaths, 27 deaths have been reported in the last 24 hours," said Aggarwal.

The Joint Secretary said that no new case was reported in Mahe in Puducherry and Karnataka's Kodagu in the last 28 days.

"A total of 54 other districts beside these two in 23 States/Union Territories did not report any cases in the last 14 days," he said.

He informed that there are 755 dedicated COVID-19 hospitals and 1,389 dedicated health care centres in the country, which takes the total dedicated facilities where severe or critical patients can be treated to 2,144.

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