Mint Explainer: The latest turn in the Kalyani family saga - a case of two wills
Subscribe to enjoy similar stories. Gaurishankar Kalyani, the youngest brother of Baba Kalyani, chief of Bharat Forge, has contested a will left by their late mother Sulochana Kalyani in 2012. Gaurishankar questioned the validity of the 2012 will and also claimed that a more recent will - of December 2022 - makes him the major beneficiary of the family’s assets.
In his affidavit, Gaurishankar made scathing remarks against Baba Kalyani. A Pune court was scheduled to take up the affidavit on Wednesday. The dispute between the two brothers is in addition to other legal battles in the family involving claims over multi-billion-dollar assets in companies with a collective market capitalisation of over ₹91,000 crore.
Mint takes a closer look at the dispute between the Kalyani brothers and the allegations against Baba Kalyani. Gaurishankar Kalyani filed an affidavit in a Pune court on 12 September, stating that their late mother Sulochana Kalyani had left a will in December 2022, granting a sizable portion of the Kalyani family's wealth to him. According to the affidavit, Baba Kalyani took over key assets from their aging father Neelkanth Kalyani in the 1990s and encouraged Sulochana Kalyani to initiate legal action against Gaurishankar Kalyani and his family.
Read more on livemint.com
