Dismissing Birlas' claim of any caveatable interest in the Priyamvada Birla will case, Rajendra Lodha on Thursday submitted before Calcutta high court that even if there exists a mutual will of 1982
The Calcutta high court on Wednesday adjourned the hearing of the application on dismissal of four caveats by the Birlas in the Birla vs Lodha case, till September 1.
In the wake of the tussle between the Birlas and Rajendra S Lodha over the will of Late Priyamvada Birla, chartered accountants firm Lodha & Company said it was not seeking re-appointment as auditors of Indo Gulf Fertilisers Ltd.
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 case relating to the disputed will of Priyamvada Birla was on Tuesday assigned to the court of Justice Kalyanjyoti Sengupta and its date of hearing would be announced soon.
The Birlas on Friday categorically ruled out the possibility of a compromise formula with R S Lodha over the issue of inheritance of M P Birla's assets.
The astounded Birlas have now come together to fight the 'outsider' and to keep him from 'taking away the family's property.'
Lodha, Birlas file caveats in court; Birlas say will may be fabricated.
"We are sure that the will is fabricated and so are going to challenge it in the court of law," highly-placed sources in B K Birla group said on Wednesday.
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
The Birla families on Thursday made it clear that they do not want "a rupee" of the assets of the late Priyamvada Birla but they were united to secure the estate for charity.
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.
Nearly 98% of shareholders vote in favour of his reappointment and payment of remuneration to Lodha.
The world is full of family businesses that withered away with the passing of generations, creating much bitterness and ill will. Entire clans that used to be household names have become pale shadows of their once-mighty empires.
The order, which set aside the August 9 ruling of a single-judge bench, prevented the group entities from publishing the voting results of the last AGM. However, the firms will now be able to execute decisions taken at the AGM last year. People in the know said the Birlas would appeal against the order in a higher court.
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