Dispute over inheritance worth Rs 1,500-cr flares up family feud at Finolex

According to company filings, the firm was originally promoted by two brothers Pralhad Chhabria and Kishan Chhabria; both brothers being equal partners in the business

“Finolex gets people together” — says the tag line on the corporate letterhead of Finolex, the largest maker of telecom cables, which would be an inspiring note, except, of late, its doing anything but that. 

Its promoters are taking up cudgels in what has turned out to be another family feud for control of a group in India Inc. At the immediate heart of the dispute is an inheritance that involves Rs 1,500 crore of shares that were bequeathed on a gift deed on a Rs 500 non-judicial stamp paper, claims one cousin, and an inheritor. The other questions its validity.

During