The Supreme Court on Monday issued a notice to Priya Kapur, the wife of businessman Sunjay Kapur, in response to a plea filed by his mother, Suman Kapur, concerning a family trust dispute. The matter pertains to allegations of mismanagement and breach of trust regarding a family trust established by the late Suman Kapur's husband.
Background of the Case
The dispute revolves around a family trust that holds significant assets. Suman Kapur, the mother of Sunjay Kapur, approached the Supreme Court after the Delhi High Court dismissed her petition seeking removal of Priya Kapur as a trustee. Suman Kapur alleged that Priya Kapur, along with others, mismanaged the trust and acted against its interests.
Allegations and Legal Proceedings
Suman Kapur claimed that Priya Kapur, who is also the daughter-in-law, failed to provide proper accounts and engaged in transactions that benefited herself rather than the trust. The plea argued that the trust's assets were being dissipated, and urgent intervention was needed. The Supreme Court bench, comprising Justices Sanjiv Khanna and Dipankar Datta, issued the notice and sought a response from Priya Kapur within four weeks.
Next Steps
The court will hear the matter further after the response is filed. The case highlights the complexities of family trust management and the legal remedies available to beneficiaries in cases of alleged misconduct.
