Charu Modi News Today

Samir Modi asserts that the terms of his fathers ₹11,000-crore legacy, governed by a family trust deed, are non-negotiable. He aims to preserve the familys flagship company, Godfrey Phillips, within the family, proposing a buyout option to resolve the dispute. Despite legal battles with his mother over inheritance distribution, Samir Modi remains committed to advancing the family business, envisioning global expansion for Colorbar Cosmetics and other ventures.

The rift among the promoters of Godfrey Phillips over the distribution of a ₹11,000 crore inheritance, following the death of family patriarch KK Modi in 2019, has taken a new turn.

Samir Modi, son of late KK Modi, has taken legal action against his mother, Bina Modi, accusing her of mishandling the familys Rs 11,000 crore inheritance. The dispute involves the distribution of the Godfrey Phillips stake and other Modi group shares. Samir, previously aligned with his mother, now supports his brother Lalit in seeking immediate implementation of the trust deed. The family had initially disagreed on dissolving the trust, leading to legal battles initiated by Lalit Modi.

Lalit Modi versus Bina Modi matter to be heard by the Supreme Court on 23 January, likely to be a final hearing in the case, , KK Modi, lalit modi, Bina Modi, family dispute

Lalit Modi versus Bina Modi matter to be heard by the Supreme Court on 23 January, likely to be a final hearing in the case, , KK Modi, lalit modi, Bina Modi, family dispute

Lalit Modi made son Ruchir the head of branch Lalit Kumar Modi (LKM) and beneficiary of his interests in KK Modi Family Trust.

Controversial cricket administrator and former IPL chairman Lalit Modi on Sunday announced that his son Ruchir Modi would succeed him as head of Lalit Kumar Modi (LKM) branch of the K.K. Modi Family Trust.

Modi Tweeted that he was stepping down as managing director of Modi Enterprises and handing it over to his kids. The Tweet contained attached pictures of the legal transfer.

He also announced his resignation as head of LKM branch and beneficiary of the K.K. Modi Family Trust.Modi

Controversial cricket administrator and former IPL chairman Lalit Modi on Sunday announced that his son Ruchir Modi would succeed him as head of Lalit Kumar Modi (LKM) branch of the K.K. Modi Family Trust.He also announced his resignation as ...