The four companies "" East India Investment, Gwalior Webbing, Baroda Agents & Trading and Punjab Produce Holdings "" control the majority shares in five manufacturing companies, including flagship Birla Corporation. A bench headed by justice S B Sinha dismissed the three petitions as withdrawn in view of its earlier judgement. The court on March 31 had dismissed three petitions filed by the Birlas against the high court order that denied them the right to raise objections to late Priyamvada Birla's 1999 Will. It had held that K K Birla, B K Birla and Yashovardhan Birla were not the heirs of M P Birla and Priyamvada and that they have no caveatable interests. |
It had also dismissed another petition filed by the Birlas, challenging her chartered accountant R S Lodha's right to object to M P Birla and his wife Priyamvada's 1982 Will. Through this Will, the couple had left their property for charity.
However, through a purportedly revised 1999 Will after her husband's death, Priyamvada had bequeathed her Rs 5,000 crore estate to Lodha.
The three dismissed petitions "" filed by M P Birla's sister Radha Devi Mohatta, his nephew Ajay Kumar Newar and cousin Ganga Prasad Birla "" had stated that the presumption that the executor appointed under the Will enjoyed the confidence of the testator had been shaken as the executor himself was a beneficiary and the Will was oddly unnatural.
