Home / Business and Economy / Supreme Court Urges Kalyani Family to Mediate Rs 1 Lakh Crore Dispute
Supreme Court Urges Kalyani Family to Mediate Rs 1 Lakh Crore Dispute
13 Jul
Summary
- Supreme Court strongly urged mediation in a Rs 1 lakh crore Kalyani family asset dispute.
- The court stayed proceedings before the Bombay High Court concerning the family arrangement.
- Former judge Justice L. Nageswara Rao will facilitate discussions between family members.
The Supreme Court has issued a strong call for mediation in the significant Kalyani family's Rs 1 lakh crore asset dispute. The apex court has put a stay on proceedings that were ongoing at the Bombay High Court, signaling a renewed effort to find an amicable resolution outside prolonged legal battles.
This intervention comes as an appeal was filed by Sugandha Hiremath, challenging a previous Bombay High Court order that had refused mediation. A bench led by the Chief Justice encouraged reconciliation, noting that "ego can sometimes be bigger than assets," and has appointed former Supreme Court judge Justice L. Nageswara Rao to guide the mediation process.
The court urged family members to immediately contact Justice Rao to initiate discussions. Despite opposition from lawyers representing industrialist Baba Kalyani, the Supreme Court emphasized the importance of a non-hostile approach to mediation. The matter is scheduled for review in two weeks to assess progress.
