Don't table JK House resolution: Rival camp

Mr Gautam, who has treated the reconstructed JK House to be his personal residence

The rival faction of Singhania family has asked the Raymond board to not to take up contentious resolution number 10, which deals with the sale of flats in JK House, at the annual general meeting (AGM) scheduled to be held  in Ratnagiri on Monday.

Resolution number 10 seeks approval for the sale of four duplex flats on Breach Candy Road in Mumbai to the family members including Raymond chairman and managing director Gautam Singhania, his father Vijaypat Singhania and cousins Akshaypat and Anant Singhania (with mother Veena Singhania) at a price of Rs 9,200 per square feet.

Citing various “material suppressions and