Nephew, niece have no locus standi to claim belongings: Kalyani

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MUMBAI: Bharat Forge chairman Baba Kalyani has mentioned that the household asset break up petition filed by his nephew and niece is an “attempt to usurp rights” in properties belonging to him. He additionally mentioned that the properties and companies managed by him are usually not a part of “any alleged Kalyani joint family estate“.
Baba’s nephew and niece Sameer Hiremath and Pallavi Swadi have sought a division of the Kalyani household property, demanding a one-ninth share throughout listed corporations akin to Bharat Forge and Kalyani Steel in addition to immovable properties in Pune and elsewhere in Maharashtra.
Baba mentioned Sameer and Pallavi – youngsters of his sister Sugandha Hiremath, who can also be a director of Hikal – are usually not coparceners of the Kalyani joint household unit. Therefore, they have “no locus standi to file a suit” looking for partition of any unit fashioned inside the Kalyani household.
Law permits Sugandha to be a coparcener within the Kalyani joint household property however it would not prolong the identical to her youngsters, mentioned Baba in his assertion filed earlier than the Pune civil court docket. On Monday, the siblings had requested the court docket to halt their uncle from disposing of the household belongings.
Baba’s assertion mentioned that his grandfather Annappa Kalyani was not a rich businessman nor did he depart behind a big property as alleged by his niblings. He left some agricultural lands and residential homes, which after discharging money owed, have been distributed amongst his authorized heirs together with Sugandha. But, earlier than his demise in Feb 1964, he had gifted Rs 2 lakh to his son Neelkanth Kalyani (Baba’s father).
Using the gifted cash and his financial savings, Neelkanth began varied companies. He subsequently acquired sure belongings via the earnings of the companies and grew the Kalyani enterprise. “There was no HUF formed during the lifetime of Annappa,” Baba mentioned.
But, Neelkanth had fashioned a HUF and was the karta of it. However, no enterprise/investments was began/made because the karta of any HUF. “These were started/run in their individual capacity and without any aid from the joint family resources,” mentioned the chairman of Bharat Forge.
Subsequently, Baba (75) took the Kalyani Group to better heights. He “built various companies on his own merit and skills, and with his own personal investments”. Hence, a “casual reference to various properties mentioned in the suit and a fishing enquiry about the other alleged properties of the alleged Kalyani HUF is nothing but an ill motivated and malicious litigation filed by the plaintiffs for harassing members of the Kalyani family,” learn Baba’s assertion.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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