Archive · 30 Jul 2025
NCLT Halts Share Transfer in YSR Family Feud: Jagan vs. Sharmila
Jagan, a political leader, and his sister, Sharmila, are fighting over shares in a company.
Jagan tried to give his shares to his mother but the court said the transfer didn't happen correctly.
Jagan is now trying to get those shares back, but his sister disagrees, saying she should get a fair share.
This is making their family relationship worse, and might cause issues with their mother too.
NCLT order prevents share transfer from Jagan and his wife to his sister and mother.
Jagan filed a plea to cancel the share transfer, claiming it was illegal.
The court found the share transfers were not completed due to lack of original certificates.
Sharmila plans to challenge the order, accusing Jagan of denying her a fair share.
The situation is expected to worsen the rift between the siblings and potentially affect their mother.
- Who
- Involves Y S Jagan Mohan Reddy, Y S Sharmila, and Y S Vijaya Lakshmi.
- What
- NCLT order blocked share transfers within the YSR family.
- When
- The NCLT order was issued on Tuesday, following a plea filed by Jagan in September 2024.
- Where
- The dispute involves shares in Saraswati Power and Industries, in Andhra Pradesh.
- Why
- The legal battle is due to sibling rivalry and disagreement over share ownership.
Jagan's Perspective
Sharmila's Perspective
Share Ownership
Jagan's Perspective
The share transfer was not properly completed.
Sharmila's Perspective
Sharmila believes she deserves a fair share.
- Parties Involved
- Jagan, Sharmila, Vijaya Lakshmi
- Company
- Saraswati Power and Industries
- Jagan's Plea
- Cancellation of Share Transfer
- Sharmila's Stance
- Will challenge the NCLT order
- Shareholding Disagreement
- Dispute over ownership of shares.