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Battle over Gayatri Devi’s shares: SC issues notices

PTI  New Delhi, February 17, 2013
First Published: 23:55 IST(17/2/2013) | Last Updated: 23:58 IST(17/2/2013)

The Supreme Court has issued notices on two petitions filed against a Delhi high court verdict allowing transfer of some shares of late Maharani Gayatri Devi to her grandchildren Devraj and Lalitya Kumari.

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The HC, while reversing a Company Law Board ( CLB) order, had ordered rectification of share register of Jai Mahal Hotels Pvt Ltd in which Gayatri Devi held 99% stakes. It had allowed the plea of Devraj and Lalitya that these shares be registered in their names.

Taking note of petitions of Jai Mahal Hotels Pvt Ltd and Urvashi Devi, a member of the royal family, the SC bench said, “Issue notice on both Special Leave Petitions... The respondents will be entitled to file their respective counter affidavits to the SLPs within two weeks; rejoinder, thereto, if any, may be filed within two weeks thereafter.”

Jai Mahal Hotels, in its plea, said though the HC admitted various issues of the case, it did not consider its arguments and “reversed the well reasoned judgement of the CLB...”


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