2 days ago
Supreme Court Proposes Commissioner for Ardee Family Asset Settlement
The Supreme Court is helping two sisters settle a disagreement over family properties and businesses.
The sisters are Shefali Varma and Shibani Varma Kapur.
The court suggested that senior lawyer Uttara Babbar oversee the agreed property division.
Lawyers for both sisters agreed to consider her appointment.
The court will check whether Babbar is available and willing to help.
The agreement says some properties will go to Shefali.
Other land parcels will go to Shibani.
The court will hear the matter again on October 6.
The Supreme Court proposed senior advocate Uttara Babbar as advocate commissioner in the Ardee family property dispute.
Lawyers for Shefali Varma and Shibani Varma Kapur agreed to consider the proposal.
The court asked the parties to check Babbar’s availability and willingness to implement the February 5 memorandum of settlement.
Under the settlement, several properties, including Ardee Mall, are to go to Shefali Varma, while specified land parcels are allocated to Shibani Varma Kapur.
The case has been listed for hearing on October 6 after an earlier mediation effort led by Justice Kurian Joseph.
- Who
- The Supreme Court, senior advocate Uttara Babbar, and sisters Shefali Varma and Shibani Varma Kapur are involved.
- What
- The court proposed appointing Babbar as advocate commissioner to help implement a family settlement involving Ardee Group assets.
- Where
- The dispute is before the Supreme Court and concerns properties associated with the Ardee Group.
- When
- The matter is scheduled for hearing on October 6; the settlement is dated February 5.
- Why
- The appointment is intended to give effect to the parties’ memorandum of settlement dividing family assets.
Key facts
- Proposed commissioner
- Senior advocate Uttara Babbar
- Parties
- Shefali Varma and Shibani Varma Kapur
- Settlement date
- February 5
- Properties assigned to Shefali
- Ardee Mall, Gopal Das Building, Vijaya Building and lands
- Other allocation
- Certain land parcels are to go to Shibani Varma Kapur
- Next hearing
- October 6
- Earlier mediator
- Former Supreme Court judge Justice Kurian Joseph
Quotes
Supreme Court
The two-judge Supreme Court bench hearing the Ardee family settlement dispute
“A suggestion made by this court, as to whether Uttara Babbar, senior counsel, would be able to act as an advocate commissioner, to be assisted by the advocate commissioner who has already undertaken the exercise to an extent. On the said suggestion, both the senior counsel appearing for the respective parties are ad idem”
deccanchronicle.com
Sources
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