Birla Corporation has grown from a Rs 1,763-crore company to Rs 3,200 crore; profitability, however, has suffered due to the slowdown.
The Birlas on Thursday informed the Calcutta High Court that Priyamvada Birla was suffering from several debilitating diseases and not in firm health as claimed by Rajendra S Lodha who asserted she had made the 1999 'will' in his favour in her full s
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
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
Not a single immovable article was missing from the house though 18 months had passed since the death of Priyamvada Birla.
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 fierce litigious fight for little-known Birla Corporation marked the first major controversy for this storied and reserved business family.
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
The Supreme Court on Monday dismissed four petitions filed by the Birlas challenging R S Lodha's right to object to late Priyamvada Birla's purported will of 1999. A bench headed by Justice S B Sinha while dismissing the petition has imposed cost of Rs 2,50,000 each on the three Birla members.
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
A few hundred gold coins of Maurya Gupta and Mughal eras and gold artefacts, which could be worth several hundred crores, were recovered from a hidden strongroom in the house of late Priyamvada Birla.
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.
Vindhya Telelinks, Universal Cables and Birla Cable shareholders go against family's wishes.
A division bench of Calcutta high court upheld on Thursday an earlier order rejecting the caveatable interest of three members of Birla family in the probate petition of Rajinder S Lodha in the Priyamvada Birla estate case.
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.
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 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 Supreme Court on Monday refused to expedite hearing on a petition filed by three Birla family members, who have challenged the Calcutta High Court's order that refused them right to object to the purported 1999 'will' of late Priyamvada Birla.
