more-inThe Bombay High Court has suggested that veteran industrialist Vijaypat Singhania and his son Gautam Singhania, chairperson and Managing Director of Raymond Ltd, try and resolve their property dispute amicably. Vijaypat Singhania has moved the High Court alleging that his son is refusing to fully honour an arbitration award over a property dispute among the family members. As per a 2007 family agreement, Vijaypat Singhania, his son Gautam, and the widow and two sons of Vijaypat’s brother Ajaypat Singhania were to get a duplex each in JK House, a family property. Vijaypat Singhania also alleged in his petition that Gautam was occupying greater area in the JK House than he was entitled to. He also said that Raymond failed to respond to his offers of payment to get possession of the duplex.

Source: The Hindu August 10, 2017 12:00 UTC