 "gavel, IBC, Insolvency, bankruptcy, court, judgement, laws")
The battle for control of assets in the Hinduja family has come out in the open, with ailing group patriarch S P Hinduja launching legal action against his brothers Gopichand (80), Prakash (75), and Ashok (69). A British high court has appointed Vinoo Hinduja, daughter of S P Hinduja (84), to act on his behalf.
The three brothers are seeking control of Switzerland-based Hinduja Bank and have relied on a 2014 letter signed by all of them that said the assets of the group were owned by them and each would appoint the others as their executors.
The bank’s ownership
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