Rani Kapur has moved the Supreme Court seeking to restrain Priya Kapur from interfering with the functioning of the R.K. Family Trust. The petition, filed on Wednesday, escalates the ongoing legal battle between the two over the control and management of the trust.
Background of the Dispute
The R.K. Family Trust, which holds significant assets, has been at the center of a family feud. Rani Kapur, the widow of the late industrialist R.K. Kapur, claims that Priya Kapur, her daughter-in-law, has been attempting to disrupt the trust's operations. According to the petition, Priya Kapur has been acting in a manner that undermines the trust's objectives and the interests of its beneficiaries.
Earlier Legal Proceedings
The matter had previously been heard in the Delhi High Court, where Rani Kapur had sought similar relief. However, the High Court declined to grant an interim injunction, prompting her to approach the Supreme Court. The High Court had observed that the dispute required a detailed examination of the trust deed and the roles of the trustees.
Supreme Court Petition
In her Supreme Court petition, Rani Kapur has argued that Priya Kapur's actions are causing irreparable harm to the trust and its beneficiaries. She has sought an urgent hearing, emphasizing that the trust's functioning is being severely hampered. The petition also highlights that Priya Kapur has been making unilateral decisions without consulting other trustees.
Legal Arguments
Rani Kapur's legal team has contended that as a trustee, Priya Kapur is bound by fiduciary duties and must act in the best interest of the trust. They argue that her interference violates the trust deed and the principles of trust law. The petition seeks a direction from the Supreme Court to restrain Priya Kapur from taking any action that could affect the trust's assets or operations.
Response from Priya Kapur
Priya Kapur has not yet filed a response in the Supreme Court. However, in earlier proceedings, she has denied the allegations, stating that she has been acting within her rights as a trustee. She has accused Rani Kapur of trying to exclude her from the trust's management.
Next Steps
The Supreme Court is likely to hear the matter in the coming weeks. The outcome of this case could have significant implications for the control of the R.K. Family Trust and the family's business interests. Legal experts are closely watching the case, as it involves complex issues of trust law and family governance.
