Gayatri Devi’s shares to go to grandkids: HC | delhi | Hindustan Times
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Gayatri Devi’s shares to go to grandkids: HC

delhi Updated: Dec 25, 2012 23:17 IST

The legal battle over transfer of late Maharani Gayatri Devi's shares in the royal family's firms has been decided in favour of her grandchildren, Devraj and Lalitya Kumari, with the Delhi high court ordering rectification of share registers of the companies.

Jagat Singh, son of Gayatri Devi and Sawai Man Singh, held 99% shares in firms — including Jai Mahal Hotels Pvt Ltd — and died leaving behind a will that his mother would be the owner of all his properties.

Gayatri Devi, who died on July 29, 2009, left a will saying all her properties, including the shares in the firms, would be inherited by her grand children Devraj and Lalitya Kumari.

The transfer of shares in favour of Gayatri Devi's grand children was opposed by other heirs of late Maharaja Sawai Man Singh. They were his (Sawai Man Singh) other sons, Prithviraj Singh, Jai Singh and his maternal grand daughter Urvashi Devi.

Justice Indermeet Kaur, deciding the dispute between members of Rajasthan's royal family, set aside an order of the Company Law Board, which had refused to direct rectification in share registers of Jai Mahal Hotels Pvt Ltd, Rambagh Place Hotels Pvt Ltd, SMS Investment Corporation Pvt Ltd and Sawai Madhopur Lodge Pvt Ltd.