Mumbai, June 15 (PTI): The Bombay high court today asked Vijaypat Singhania, chairman emeritus of the Raymond group, to disclose on oath the status of family properties listed in a family settlement of 1998.
A division bench headed by Justice Abhay Oka asked Singhania to file an affidavit on the status of properties mentioned in the family settlement by June 22.
The judges were hearing an appeal filed by four grandchildren of Vijaypat Singhania against a single judge order of August 2015 of the Bombay high court that refused an interim relief to them in a suit they filed seeking a share in the family property.
The appellants had sought a direction to Vijaypat Singhania to not deal with any property included in the 1998 family settlement, which he and his estranged son Madhupati Singhania had struck.
The appellants - Raivathari (18), Ananya (29), Rasaalika (26) and Tarini (20) - are children of Madhupati, who left the family home 17 years ago with wife Anuradha and settled in Singapore.
Madhupati's children had filed the suit in February 2015, staking a claim to "their share of the family property".
They sought a direction from the high court restraining any further transactions in the family assets, estimated at over Rs 1,000 crore.
These assets include those listed in the settlement of 1998, about two lakh shares of Raymond, which were in Madhupati's name, Madhupati's 1/24th share in JK Bankers, the company from where the entire business started, and a few other assets listed in the grandchildren's name.
The appellants argued that according to Hindu Minority and Guardianship Act, Vijaypat could not have dealt in any property registered in the name of his minor grandchildren without a court order.