‘Birlas knew M.P. Birla had no will’

Rajendra S. Lodha, claimant to the Rs 5,000 crore assets of the M. P. Birla group, on Thursday submitted in the Calcutta High Court that Mad...

Rajendra S. Lodha, claimant to the Rs 5,000 crore assets of the M. P. Birla group, on Thursday submitted in the Calcutta High Court that Madhav Prasad Birla had died intestate. This had even been acknowledged by the Birlas and hence they had no caveatable interest in the matter, he said.

Continuing his submission before Justice Kalyanjyoti Sengupta, Lodha’s Counsel, Anindya Mitra, submitted that K.K. Birla had referred to Priyamvada Birla in several letters as intestate heiress to the M.P. Birla estate, including those with regard to the joint property of Kumaon Orchards.

To a query by the judge, Mitra submitted that the basis of his argument was that the late Birla had died without any will and as such Priyamvada had absolute right over the property.

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Mitra submitted that as the Birlas had otherwise admitted Priyamada to be the sole heiress to M P’S Assets, the claim of the executors of M P’S 1982 “will” that they had a caveatable interest was not valid.

He also submitted that Yashovardhan Birla, grand-nephew of M.P. Birla, also has no caveatable interest in the matter as his grandfather Gajanan Birla had been separated from the business by family patriarch R.D. Birla, and as such he could not claim on the property of M.P. Birla.

Lodha had claimed control of the M.P. Birla group on the basis of a purported will of Priyamvada Birla.

Yogi Adityanath, Shri Ramswaroop Memorial University, police lathicharge, police lathicharge students, Indian express news, current affairs

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