Supreme Court Urges Mediation in Kapur Family Trust Dispute

The Supreme Court has urged the feuding family of late industrialist Sunjay Kapur to pursue a mediated settlement in a high-stakes dispute over a family trust reportedly worth Rs 30,000 crore. During a hearing on Thursday, the court directed all parties to refrain from actions that could affect the mediation process, specifically addressing concerns about an upcoming corporate board meeting.

The bench of Justices J B Pardiwala and Ujjal Bhuyan was hearing an application filed by Sunjay Kapur’s 80-year-old mother, Rani Kapur. She sought to restrain his wife, Priya Kapur, and others from interfering with the functioning of the RK Family Trust during court-ordered mediation. The application also requested a stay on a board meeting of Raghuvanshi Investment Private Limited (RIPL), a company holding a substantial part of the disputed estate, scheduled for May 18.

The court declined to halt the meeting entirely but directed that specific agenda items—the appointment of two new independent directors and changes to authorized bank signatories—should not be taken up for now. Counsel for RIPL and Priya Kapur argued the meeting was necessary for statutory compliance with Reserve Bank of...