
In a new development in the ongoing dispute over the Kapur family’s assets, Rani Kapur, mother of businessman Sunjay Kapur, who passed away in June last year, has approached the Delhi High Court alleging that her daughter-in-law, Priya Kapur, used a "fraudulent" trust to unlawfully divert the family estate.
Amidst the unfolding legal battle, Priya Kapur was questioned by the media while exiting the Delhi High Court about the recent allegations made by Rani Kapur and the ongoing case. She remained silent and refused to comment, walking away without responding.
A reporter asked her whether she had anything to say regarding the allegation that she misled Rani Kapur. She declined to react and silently left the premises.
For the unversed, in a detailed civil suit, Rani Kapur has sought a declaration that the 'RK Family Trust' or the 'Rani Kapur Family Trust', purportedly created through a trust deed dated October 26, 2017, is "illegal, void, and the result of fraud, forgery, and undue influence".
She has also requested consequential reliefs, including the dissolution of the trust, restitution of assets, rendition of accounts, and permanent injunctions restraining the defendants from acting upon or benefiting from the disputed trust.
In her petition, the elderly widow claims that the trust was established and operated without her knowledge or informed consent, effectively excluding her from the beneficial ownership of assets that she asserts originally belonged to her.
The suit states that the events in question occurred at a time when Rani Kapur was medically unwell after suffering a stroke and dependent on her son to manage her personal and financial matters. During this period, she claims she relied on his assurances that her assets remained under her control and were being managed for her benefit.
According to the plaintiff, Rani Kapur has stated that her late son was either manipulated into participating in the alleged arrangement or allowed himself to be used as a channel for executing it.
She contends that, based on the assurances she received, she believed her estate was secure, even as transactions were carried out that allegedly deprived her of ownership rights.
The suit further alleges that she was asked to sign several documents without being informed about their contents or legal consequences, and on some occasions, was made to sign blank papers.
She claims these actions were carried out in coordination with Priya Kapur and other defendants, who allegedly concealed the true nature and effect of the RK Family Trust.
Through her suit, Rani Kapur has sought the cancellation of the RK Family Trust and the restoration of her estate, arguing that the transactions were conducted through misrepresentation, undue influence, and without her informed consent.
(With inputs from ANI)Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.