The Birlas on Tuesday made a strong plea before the Calcutta High Court for the appointment of an administrator over the estate of M P Birla group, alleging that Rajendra Lodha, who is claiming control of the group on the basis of a purported will of
It was a replay of the annual general meetings of the cable companies of the M P Birla group last month even as the Birla side raised "illegalities" in the latest poll results.
The court's directions mean that Lodha immediately ceases to hold all positions in the M P Birla group, including as director in the firms and other positions in the trusts and societies of the M P Birla group, a statement from the Birlas read.
In a relief to R S Lodha, the Company Law Board on Monday dismissed a petition seeking investigation into who controls M P Birla flagship company Birla Corporation.
The Birlas have filed a criminal case against Rajendra Lodha alleging that he was trying to convert some of the group's trust property in his own name for personal gain.
With the Birlas yet to file their objections to their auditor Rajendra S Lodha's claim over M P Birla group, a late claimant to the Rs 5000 crore (Rs 50 billion) pie decided to adopt a wait and watch policy for the time being.
The estate of M P Birla is part of the Birla family estate, and as Priyamvada Birla in her alleged will of 1999 used the word "bequeath", it implied that she had received her property from someone else, which in this case was none other than the late
In the early part of 1800, a 30-acre plot next to Fort Gloster on the banks of river Hooghly in Howrah district of Bengal was the nerve centre of industrial activity; it housed India's first steam-powered cotton mill, Bowreah Mills, which was set up by a British merchant and went on to become a hub of factories - a rum distillery, foundry, cotton yarn factory, an oil mill and a paper mill, et al. Spearheaded by Dwarkanath Tagore, the industrialist grandfather of Rabindranath Tagore, the commercial complex was possibly the first of its kind in the country. Close to 200 years later, after much ebb and flow of history, the hub is set for a resurgence of sorts.
D P Duari, a NASA educator and director of M P Birla Planetarium, said December 21 would be marked different only because it is a day of winter solstice and the world would not certainly meet its end on that day.
This year's first partial lunar eclipse will occur on June 26 when more than 50 per cent of the full moon disc will be under the earth's shadow, but it will be visible only in the Northeast in India.The eclipse will be visible in Eastern Asia, Australia, Antarctica, parts of America and the Indian and the Pacific Oceans. Kolkatans last viewed a lunar eclipse on December 31, 2009. The next lunar eclipse will occur on December 21 this year in India.
In its petition, Rameshwara Jute Mills, an MP Birla group company, has prayed that the board of directors of the Birla Corporation and other M P Birla group companies should be superseded by independent people, as after the death of R S Lodha, there was no one to represent the company. Opposing it, the Lodha camp submitted before the board that the petition was not maintainable and that there was no need to appoint any chairman of the group.
A bench comprising Justice S B Sinha and Justice H S Bedi, which is hearing the matter, had earlier issued notices asking Lodha, the representatives and legal heirs of Late Laxmi Devi Newar, including Nand Gopal Khaitan, to file their replies. The hearing will resume on Wednesday.
A division bench comprising Justice P C Ghose and Justice T K Dutta, while setting aside the order of Justice K J Sengupta appointing the four administrators to the estate, directed Lodha not to sell any part of it or spend any amount from it except for its maintenance.
Justice Sengupta 'released' the matter before the start of the hearing on Monday, citing 'compelling circumstances' without giving further details.\n\n
The Calcutta high court on Tuesday granted 10 days time to Rajendra Lodha to submit the original of the registered purported will of Priyamvada Birla by which he has been bequeathed the Rs 5000 crore
In a crucial victory for Birlas in their legal battle against Rajendra S Lodha for control of the M P Birla group, Calcutta High Court on Friday dismissed a petition seeking quashing of criminal proceedings against him and three others.
Rajendra Lodha, who has been bequeathed M P Birla's over Rs 5000 crore (Rs 50 billion) assets by Priyamvada Birla, kept himself away from her shraadh ceremony at the Birla Park on Thursday
Instead it will be on December 18, though it will not be as big as the moon.
The legal battle for the Rs 5,000 crore (Rs 50 billion) worth assets of M P Birla group has entered a crucial stage with the main arguments for claimant Rajendra S Lodha's probate petition for Priyamvada Birla's purported will about to begin soon.
Not a single immovable article was missing from the house though 18 months had passed since the death of Priyamvada Birla.
Rajendra S Lodha, the chartered accountant who has staked claim on the Rs 5000 crore (Rs 50 billion) assets of the M P Birla group
The Birla-Lodha fight over the Rs 5000 crore (Rs 50 billion) empire of M P Birla reached the Supreme Court on Friday when the Lodha group approached it challenging a Calcutta high court
The patriarch of the Birla family, Basanta Kumar Birla, on Friday said that he was not worried about the 25 per cent stake held by Rajendra Lodha controlled M P Birla group in Pilani Investments as he and his grandson, Kumarmangalam Birla had now con
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