Financial Daily from THE HINDU group of publications Saturday, Jul 31, 2004 |
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Courts/Legal Issues Corporate - Corporate Disputes M.P. Birla sisters join fight against Lodha Our Bureau
Kolkata , July 30 IT now seems to be tough sailing for Mr Rajendra S. Lodha to get a probate of the will of Priyamvada Birla, as the two sisters of the late M.P. Birla Ms Radha Mohta and Ms Laxmibai Newar plan to file two different objections. According to sources close to the Birla Group, both the sisters are not willing to give a free hand to Mr Lodha for obtaining probate of the will. Both have filed caveats in the Calcutta High Court, and Mr Lodha has not opposed these caveat applications. Under Rule 25 of the Calcutta High Court Original Side Rules, an objection to the probate is to be filed within eight days from the date of receipt of notice. Birla sources also say that both the sisters are contemplating to fight it out in court any attempt by Mr Lodha to obtain probate, depriving them of their share of the property.
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